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    BlackBerry Shares Sink On Lazaridis Letdown

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    Wochit Headline News

    by Wochit Headline News

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    Evidently some folks really did believe BlackBerry co-founder Mike Lazaridis was going to swoop in like a deus ex machina and return the dilapidated smartphone pioneer to its former glory. Shares in the sadly diminished company closed down nearly nine percent at $7.05 on the revelation that Lazaridis has abandoned his, let’s face it, largely fantastical bid for the company , and reduced his combined stake with co-founder Doug Fregin to below five percent from eight percent.