BlackBerry (BB) Stock Plummets 8%, Another Bad Week For Meme Stock

On July 12, BlackBerry’s stock was $11.61. But as the week was progressing, it was constantly declining: as of now, the pre-market price is $10.63, resulting in an 8.4% loss. The company announced today it will hold a virtual fireside session to discuss BlackBerry’s IoT business and market opportunities.
BlackBerry’s IoT (Internet of Things) business unit includes BlackBerry QNX, BlackBerry IVY, BlackBerry Certicom, BlackBerry Radar, and other applications. BlackBerry QNX is a recognized leader in safety-certified and reliable real-time operating systems, hypervisors, middleware, development tools, and professional services for connected embedded systems in the automotive, medical, industrial automation, and other fields.

BlackBerry IVY is a smart, connected vehicle platform (CVP), being developed and marketed on Amazon Web Services (AWS) that will leverage BlackBerry QNX’s automotive capabilities. BlackBerry IVY will make it possible for automakers to access a vehicle’s sensor data, stabilize it, and apply machine learning to create and stock predictive insights and inferences across brands and models.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.

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