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).
Alicia Tillman, CMO of the enterprise software company, spoke to Cheddar's Jon Steinberg about how SAP is adapting to become a more visible presence to its customers' end user.
These are the headlines you Need 2 Know.
Michael Simon, staff writer at PC World, ticked through all the rumors about what will be unveiled at the Apple product event on Oct. 30.
The new version costs $45,000 but is closer to $31,000 when factoring in incentives and gas savings, Musk said.
Hero CEO Kal Vepuri came up with the idea for his company when he began taking care of his ill mother. The company now counts among its investors former NBA Commissioner David Stern, private equity investor Alan Patricof, and ClassPass CEO Fritz Lanman.
Deepa Seetharaman, tech reporter for the Wall Street Journal, said the company is still unsure of who's responsible for the most recent hack, in which 30 million user accounts were compromised. And perhaps more importantly, it still doesn't know where all the data went.
Jesse Dorogusker, the company's Hardware Lead, said the new device fits the mission to meet the needs of a broader array of vendors. The launch comes about a week after CFO Sarah Friar said she was leaving the company to become CEO of social networking site Nextdoor.
JT Genter, senior points and miles writer at The Points Guy, strapped in for the newly-revived, 18-hour direct flight between Singapore and Newark, NJ, on Singapore Airlines. He told us how he coped with what is now the longest flight in the world.
The economic opportunity for bitcoin has breathed new life into a previously retired aluminum plant in Massena, New York. Cheddar visited Coinmint to get a look inside one of the world's largest bitcoin mining operations.
Popular courier service Postmates is interviewing banks with the intention of going public in early 2019, according to the Wall Street Journal's Maureen Farrell. It's part of a changing dynamic, where red-hot tech companies are now racing to market, rather than waiting.
