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).
The vehicles' cheerleaders, chief among them Tesla CEO Elon Musk, maintain that self-driving vehicles, while susceptible to accidents, are still safer than human drivers.
These are the headlines you Need 2 Know for Thursday, December 26, 2019.
In 2009, going to Target or Walmart to buy the newest album was still the norm for most people. However, that trend would fade by the end of the decade. Now paying a monthly fee for a subscription music service that gives you access to the latest music is mainstream.
Former Uber CEO Travis Kalanick will resign from the board next week, effectively severing ties with the ride-hailing company he co-founded a decade ago.
By next year you could be banking with Google or Uber, and instead of moving dollars around you could be thinking about new currencies issued by other governments — or Facebook. Here are five themes to watch in 2020.
Cheddar's Michelle Castillo looks ahead to see the trends that will dominate the world of streaming entertainment in the upcoming year.
A look back on the hits and misses from last year's crystal ball on business, tech, politics, and culture.
These are the headlines you Need 2 Know for Monday, December 23, 2019.
A look back on the decade.
Boeing's new Starliner capsule went off course after launch Friday and won't dock with the International Space Station during its first test flight.
