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).
Electric vehicles are easier to build, cheaper to maintain, and can bestow a green-tinted halo on automakers and drivers alike – but they have a significant Achilles heel: their batteries.
Tagomi, a New York-based crypto brokerage, has joined the Libra Association, the Facebook-backed digital currency project.
Stocks rose in early trading on Wall Street following a seven-day rout brought on by worries that the spreading coronavirus outbreak will stunt the global economy.
Lisa Seacat DeLuca holds 500 patents working in artificial intelligence, blockchain, cloud computing, and the Internet of Things.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Rapper Offset talked to Cheddar about providing opportunities and building community through his partnership with esport organization FaZe Clan.
The weeklong rout in markets is being driven by fears that the spreading coronavirus will derail the global economy.
Union Square Hospitality Group CEO Danny Meyer discusses the changing landscape of restaurants due to rapidly changing technology.
The airline has filed patent and trademark applications for its "Economy Skynest" concept, which would modify the economy cabin in planes to include six full-length sleeping pods.
These are the headlines you Need 2 Know for Friday, February 28, 2020.
