Facebook has already begun digging into the TV space with Facebook Watch, so what might the social media company’s next move in video be?
Jesse Redniss, Chief Innovation Officer of Turner’s TBS and TNT networks, predicts the company might buy Roku.
“Facebook has been trying to be getting into the video space for quite sometime now,” he told Cheddar in a recent interview. “When you look at Facebook’s track record of growth, the acquisition of Insta, WhatsApp, Oculus. In some ways, in order for them to really scale into a marketplace, it’ll make a lot of sense for them to buy one of the leaders in a marketplace they want to get into.”
Roku shares fell steeply Friday after Goldman Sachs downgraded the stock, saying the streaming company is overvalued. Still, the company is trading well above its IPO price, and posted a 48 percent increase in active accounts in the third quarter, as well as a 58 percent increase in streaming hours.
For full interview [click here](https://cheddar.com/videos/a-bold-prediction-on-why-facebook-would-acquire-roku).
These are the headlines you Need 2 Know for Monday, March 9, 2020.
These are the headlines you Need 2 Know for Friday, March 6, 2020.
Stocks are falling in midday trading on Wall Street, erasing 2 percent from major indexes, a day after they surged 4 percent as the mood swings back to fear about economic fallout from the virus outbreak.
The so-called Ultium battery and the company's modular vehicle platform form the backbone of a range of new EV offerings from GM brands.
The company known for home thermostats said it will release "the most powerful quantum computer yet" within the next three months.
Twitter is starting to test tweets that disappear after 24 hours.
On Wednesday, GM unveiled clay-and-plastic mockups of the hotly anticipated Hummer EV SUV and "SUT" — the latter a "sport-utility truck" featuring a pickup truck bed and drop-top roof.
Monday’s outage began around 9:30 a.m. EST, and Robinhood restored service at about 11:00 that night, causing a storm of customer outrage on social media.
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
As COVID-19 rocked the world and the U.S. markets, the bitcoin price trended right alongside them, appearing more like a risk asset than the safe-haven asset so many crypto enthusiasts hope it can be.
