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).
Damien Kieran, Twitter’s Global Data Protection Officer, spoke to Cheddar about how his team is ensuring compliance with data protection laws around the world.
Yamaha Corp. of America President Tom Sumner told Cheddar the company has worked to find ways to combine traditional craftsmanship and technology to create a more "compelling" instrument for musicians
Despite expanding into music festivals and other notable entertainment venues, Satisfi co-founder and CEO Don White says that sports remain the company's number one priority.
Only weeks after halting production of the Max 737 jet, Boeing has discovered another potential hazard — critical wiring that may be too close together and could short circuit.
These are the headlines you Need 2 Know for Monday, January 6, 2020.
Hours after the attack at Baghdad International Airport, the Department of Homeland Security's top cybersecurity official reissued a summer bulletin warning of increased cyberattacks by the Iranian government and its allies.
The majority of the top 10 candidates spent more on television and radio advertising than they did on Facebook ads by the end of November.
These are the headlines you Need 2 Know for Friday, January 3, 2020.
The price of oil surged Friday on concerns that Iran might respond to the killing of its top general by the United States by disrupting global supplies of energy from the Middle East.
BlockFi is getting ready to launch a bitcoin rewards credit card this year as it continues to build a more complete suite of financial services and draw more consumers into the cryptocurrency market.
