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).
Ripple CEO Brad Garlinghouse says he's not focused on the day to day price movements of his crypto. "XRP is the most efficient digital asset to solve a payments problem," he said.
Dave Clark, senior vice president of worldwide operations at Amazon, spoke to Cheddar from the floor of one of its fulfillment centers about the company's move to institute a $15 minimum wage and lobby the federal government to raise its wage, which has stood at $7.25 since 2009.
Ralf Reichert, CEO of ESL, sat down with Cheddar at this weekend's tournament at the Barclays Center and talked about the esports world and what he believes is needed for the enterprise to grow.
Scott Belsky, who sold his company to Adobe and is now its chief product officer, described how the maker of creative software transitioned into a cloud-based business model. The stock has outpaced the broader market over the last several years. Belsky also serves on Cheddar's board of directors.
Shares of Tesla dropped Tuesday, even though the company posted better than expected production numbers for the third quarter. Among the issues weighing on the stock: tariffs. The company said it costs as much as 60 percent more for Tesla to produce the same car a Chinese manufacturer would.
The e-commerce giant announced Tuesday it would raise the minimum wage for all employees to $15 an hour and lobby for an increase in the federal wage, which has stood at $7.25 since 2009.
Tune in at 10:50 am ET, when we speak to David Clark, Amazon's SVP of Worldwide Operations, about the news.
Olivier Rabiller, president and CEO of Honeywell spinoff Garrett Motion, told Cheddar on Monday that the company's strategy will not be to change too much. Rabiller also said that as the company heads into the electric vehicle space, he sees Tesla as a potential customer, not a competitor.
After the Pulse Nightclub shooting in Orlando in 2016, Sarah Ullman felt called to action. The Los Angeles-based filmmaker is the founder of "One Vote at a Time," a Super PAC created to stop gun violence. She spends her days making free campaign ads for politicians who support gun control policies and are running in competitive districts.
Tesla reportedly made a record 80,000 vehicles in the third quarter, marking a welcome change of subject for a company and CEO buffeted by scandal. Sean O'Kane, reporter for The Verge, and John Reed Stark, an SEC attorney, discussed the future of the company and how the settlement with regulators will affect Musk personally.
These are the headlines you Need 2 Know.
