Tuesday, January 19, 2021

BB stock: BB Stock Price: BlackBerry Ltd set to extend gains as it dances with three giants

 Here is the article. 

My friends all purchased BB stock, but I did not have chance to purchase some of them. Now the price doubles since Dec. 2020. 


  • NYSE: BB is on course to top the $10/share level amid its patent sale to Huawei. 
  • BlackBerry Ltd. settlement with Facebook also provides room to the upside.
  • The Canadian firm's lucrative accord with Amazon is also helping out.

Three deals with larger tech firms are boosting the stock.

1) Huawei: BlackBerry sold some 30 mobile phone patents to the Chinese telecom giant. The prominent firm sells cellphones and is also a leader in 5G technology. Getting rid of its legacy business allows BlackBerry to focus on the future. 

2) Facebook: Huawei is not the only controversial firm BlackBerry is dealing with. Also with Mark Zuckerberg's social behemoth, BB is letting go of its past. The two firms have settled an ongoing dispute related to patent infringements. The burden of having BB's financial might was a weight on BlackBerry's shoulders. 

3) Amazon: Moving from one giant to another, the Canadian firm's future may lie with the retail behemoth. The two companies are collaborating around the IVY car platform, combining software abilities. 

No comments:

Post a Comment