BlackBerry and Facebook agree to dispute, BlackBerry’s share price rose 20%


Known as a phone manufacturer, BlackBerry is widely regarded as a deadly company. The days of its reputation and glory are starting to be a thing of the past, as the company is unable to put in the combs for cell phone waste like Apple and Samsung.

Business Insiderin indeed, the company has decided to abandon its mobile business and is now in a hurry to move its operations to enterprise software, io devices and cyber security.

Business Insider says BlackBerry’s efforts were nicely boosted after the patent infringement lawsuit against Facebook was completed.

BlackBerry took some giant to court in 2018, accusing the company of copying BlackBerry’s patented communications technology. Facebook, of course, responded with a whole host of defense speeches and counter-challenges.

Facebook managed to achieve winning wins in court until the end of 2020. At the time, a federal court found that there was something behind BlackBerry’s lawsuit. Facebook exchanged the excuses for mediation, and the companies settled the situation out of court.

In honor of the event, a BlackBerry stock would comfortably shoot up 20 percent.


Source: Tivi by www.tivi.fi.

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