BlackBerry co-founder Michael Lazaridis has trimmed his stake in the troubled smartphone pioneer to just below 5 percent after selling 3.5 million shares during the past two days.
BlackBerry reported a massive $4.4 billion loss in the third quarter and a 56 percent drop in revenue in its first quarterly report under new chairman and chief executive John Chen.
US President Barack Obama admitted Wednesday he was not allowed to have an iPhone owing to security fears—explaining why he is sometimes seen with a bulky super secure Blackberry.
BlackBerry's interim chief executive said Monday reports of the death of the company "are greatly exaggerated."
BlackBerry's interim chief executive has shaken up BlackBerry's management team in a move seen as prelude to him taking the top job himself.
New BlackBerry chairman and interim chief executive John Chen has a large pay package.
A Qatari sovereign wealth fund was among a small group of investors who recently contributed $1 billion to Canadian smartphone maker BlackBerry, US securities filings showed Friday.
Those few BlackBerry lovers left could be in for some bad news.
BlackBerry has abandoned its bid to sell itself and is replacing its chief executive.
BlackBerry executives met with their counterparts at Facebook last week over a potential bid for the struggling Canadian phone-maker, The Wall Street Journal reported Wednesday.