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).
Technology companies and banks led a broad rally for U.S. stocks in midday trading Tuesday following solid gains overseas. China took more steps to soften the financial blow of the virus outbreak and its main stock index rose following a plunge a day earlier.
Kabbage is getting into small business payments hoping that it will help the company be a better underwriter in its funding business — the inverse strategy of payments companies like PayPal, Square, and Stripe.
Google parent company Alphabet released its first earnings report since Sundar Pichai took over as CEO in December when founders Larry Page and Sergey Brin stepped down from their management roles.
DirecTV's Spaceway-1 satellite is launching itself into a band of space junk called the graveyard orbit. The emergency measure became necessary after an unexplained battery malfunction in December put it in jeopardy of exploding.
Technology companies led U.S. stocks higher in early trading Monday as global markets mostly calmed down following a sharp sell-off last week over worries about the spreading virus outbreak that began in China.
In this age of personalization, information is collected from your online movements whether you’re aware of it or not. If you feel a bit eerie about it, you’re not alone.
With Roku set to possibly lose Fox channel by the end of Friday, Cheddar looks into alternate ways owners can still watch the Super Bowl on Sunday.
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.
The membership-based primary care provider came to the table with an ambitious business proposition: that primary care can use technology and high-end customer service to draw in patients willing to pay a little extra.
Cheddar got an exclusive ride in the front seat of a Street View vehicle in New York City -- and sat down with Andrew Lookingbill, engineering director at Google Maps, and Ethan Russell, the director of product management at Google.
