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).
With an increasing number of mobility options, putting an end to distracted driving is more urgent than ever. Ryan Luckey, assistant vice president of brand marketing at AT&T, told Cheddar about AT&T's partnership with e-scooter company Bird to keep distracted drivers ー and scooter riders ー off the roads.
The FDA is moving forward with its proposal to restrict sales of most flavored e-cigarettes including popular brand Juul.
Uber released financial statements on Wednesday showing slowed growth and greater losses while the company continues to invest in food delivery, freight, and electric bikes.
Ford and Walmart envision a world in which products are delivered straight to customers' doors ー no driver required. The two titans of industry are teaming up along with Postmates to explore delivery via self-driving cars in Miami-Dade County, Fla.
The former president of Pinterest has a new mission to curb tech addiction. Tim Kendall left his perch as the top business chief of the $12 billion company one year ago and is now the CEO of Moment, a mobile app that aims to teach people how to reduce their phone use.
Sen. Mark Warner (D-Va.) spoke with Cheddar's J.D. Durkin about Amazon's move to Crystal City and what it means for the people of Virginia. "This is both going to be an economic driver and, frankly, put this region more on the map as a tech headquarters," Warner told Cheddar.
Qualtrics CEO Ryan Smith rang the closing bell alongside SAP CEO Bill McDermott to celebrate his company's last minute buyout by SAP. Smith and McDermott talk to Cheddar about Qualtrics' planned expansion, their goals for enterprise technology and why they think the $8 billion acquisition makes so much sense. "Our mission is bigger than everything. We want XM, or experience management, all over the world, and this is by far the best way to do it," Smith told Cheddar.
NASA is partnering with an unlikely organization for one of its newest experiments ー The Michael J. Fox Foundation. NASA is planning on growing crystals out of the proteins that are likely connected to Parkinson's disease. Sarah Lewin, associate editor at Space.com, told Cheddar that growing the crystals in space will give scientists more information on the proteins and hopefully lead to a breakthrough in curing Parkinson's.
The burgeoning sport of drone racing is about to go autonomous. The professional Drone Racing League is preparing to launch a circuit for A.I. drones to compete against one another ー and, eventually, against human-controlled drones. Nicholas Horbaczewski, the founder and CEO of the DRL, previewed the new circuit in an interview on Cheddar Wednesday.
Federal regulators have subpoenaed Snap as part of a probe into its 2017 initial public offering, the company confirmed in a statement to Cheddar.
