Aug 20, 2022
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BlackBerry settles lawsuit over exaggerating BlackBerry 10's success and profitability
BlackBerry settles lawsuit over exaggerating BlackBerry 10’s success and profitability
BlackBerry said on Thursday it had agreed to pay $165 million to settle a class action lawsuit brought against it over eight years ago for allegedly defrauding shareholders by exaggerating BlackBerry 10 smartphones’ success and profitability. BlackBerry tweeted from their Apple iPhone in 2015 Reuters: Under the agreement, which requires a judge’s approval, the payment will be made to settle…
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BlackBerry Pulls Life Support for Once-Indispensable Business Smartphones
BlackBerry Pulls Life Support for Once-Indispensable Business Smartphones
BlackBerry is pulling the plug on service for its once ubiquitous business smartphones, which were toted by executives, politicians, and legions of fans in the early 2000s. The move marks the end of an era as the phones, which sported a tiny QWERTY physical keyboard, pioneered push email and the BBM instant messaging service. Former US President Barack Obama, one of its most celebrated users,…
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BlackBerry Posts Bigger-Than-Expected Loss, Shares Slump BlackBerry Ltd reported a bigger-than-expected second-quarter loss on Friday, as revenue from its once-iconic smartphone slid further, sending shares down nearly 4 percent in premarket trading.
BlackBerry Classic Is Officially Dead BlackBerry said Tuesday that it will stop making its Classic smartphone, less than two years after launching it with much fanfare.