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).
Viacom's MTV is rebooting its "Real World" franchise by launching the show on Facebook Watch. Wall Street Journal Media Reporter Keach Hagey explains what this means for the company's streaming strategy.
Ford's new "Built Ford Proud" campaign is the work of the Wieden+Kennedy agency, long known for its creative ads for Nike ($NKE) ー including its controversial ad featuring ex-quarterback and activist Kaepernick. The first "Built Ford" ad stars Bryan Cranston inhabiting a series of cinematic personas that all take subtle digs at the tech industry.
A lead TV analyst suspects Netflix may be battling a case of nerves as the streaming giant turns to the debt markets for the third time in a year. "I think it's a reaction to the fact that Warner is coming into the picture, and Disney," Alan Wolk, a co-founder and lead analyst at TV[R]EV, told Cheddar Monday. "Suddenly, that market ー especially in the U.S. ー is getting crowded."
Amazon, Alphabet, Twiter, and other big tech companies are set to report quarterly earnings this week. Elon Musk says The Boring Company's high-speed transit tunnel will be open to the public on December 10. And Zane Holtz, star of the upcoming film 'Hunter Killer,' joins Cheddar to discuss what it's like working with big-name talent such as Gary Oldman and Gerard Butler in this new movie.
Aurora Cannabis will start trading on the New York Stock Exchange on Tuesday, though it already trades in Canada. Debra Borchardt, co-founder and CEO of the Green Market Report, predicts how the stock will fare in its NYSE debut.
In the wake of two massive data scandals this year, the tech company is reportedly looking to acquire a company that can help beef up its cybersecurity. The Information reporter Sarah Kuranda, who broke the story, told Cheddar why Facebook is willing to pay top dollar for a big name in the space.
Broad stock indexes sputtered Monday, but tech investors looked ahead to one of the busiest earnings weeks of the quarter, anchored by reports from many industry heavyweights that were able to avoid overall weakness in the market.
Elon Musk says the first part of his Boring Company's L.A. underground tunnel will open in December.
Peloton, the stationary bike maker with a cult-like following, has launched Tread ー an all-in-one treadmill and bootcamp experience. CEO John Foley said you can now get a full-body workout at home.
On Friday, SolarWinds came back to market at the NYSE Friday after a three-year period in which the IT software company was private. CEO Kevin Thompson explained why the time was right to tap capital markets for cash.
