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).
Despite reports of a rough launch from some reviewers, Jack Buser, director of games and business development for Google, couldn't be more excited for the system's future.
Brandon Krieg, CEO of Stash, welcomes the fintech ambitions of companies like Google and Amazon saying it will "help us all stay on our toes."
Aircam Chief Technology Officer David Hopkins talked with Cheddar about how the app will allow amateur and pro photographer alike to automate the image downloading, editing, and sharing process.
The Winklevoss-led cryptocurrency exchange Gemini has made its first acquisition: a platform that lets users buy and manage non-fungible tokens called Nifty Gateway.
The social media company is worried its Chinese roots could get in the way of growth opportunities and is now considering ideas like moving operations to Singapore and rebranding the app in the U.S., according to a report.
Thousands of accounts were reportedly posted on Reddit and hacker forums. Disney+ users flocked to Twitter and Reddit to complain.
The automaker expanded its lineup of the iconic Mustang model with an all-electric version — and the line's first SUV. "It's time to transition to electrification," Ford president of automotive Joe Hinrichs told Cheddar Monday.
The CEO of ad cybersecurity firm CHEQ, Guy Tytunovich, told Cheddar that "fake news" is a "major, major problem" costing people control of their lives globally.
These are the headlines you Need 2 Know.
Electric vehicle charging plans are still 'in the dark ages' according to StreetLight Data and so-called "range anxiety" remains one of the most stubborn challenges facing broader adoption of battery-powered cars and SUVs.
