A Bold Prediction on Why Facebook Would Acquire Roku

TNT and TBS's Chief Innovation Officer Jesse Redniss offers a bold prediction that Facebook could have its eyes on Roku to boost its hardware capability in the OTT video space. Redniss explains why this acquisition could make sense for the social media giant. "Facebook has been trying to get in the video space for quite some time," says Redniss. "In some ways in order for them to really scale to a marketplace it would make a lot more sense for them to buy one of the leaders in the marketplace they want to get in to." "Roku and Facebook together could be a big boon for some of the publishers looking to find the right audiences," said Redniss. Roku's market cap is $4.56 billion, compared to Facebook's $39 billion in cash and cash equivalent on hand.

More In Business

From Boeing to Meta: The Highs and Lows of Earnings Season (So Far)

With 40% of the S&P 500 reporting earnings this week, Cheddar correspondent Alison Kosik breaks down the highlights.

Not All A.I. Stocks Are Created Equally

With every company touting their new A.I. projects, one analyst cautions investors not all companies will grow as much as Nvidia.

Elon Musk Is the Only Tesla CEO ‘Who Can Ride it Out’

After an unsteady Q1 led to Tesla’s biggest sales drop in over a decade, one analyst says he still believes Elon Musk is the right leader.

The U.S. Just ‘Banned’ TikTok. Here’s What That Means for Your Account

President Biden signed a law requiring TikTok’s Chinese owner to sell the company. What happens next all comes down to the value of that algorithm.

TikTok May Be Banned in the US. Here’s What Happened When India Did It

India ended up banning the app nearly four years ago alongside dozens other Chinese apps following a military clash along the India-China border.

These Apps Pay You Between Paychecks. But is There a Steep Cost?

More people are using so-called Earned Wage Access apps to get money to pay bills and buy groceries in between paydays.

Load More