It has been an interesting start to the week. An abundance of new apps have been released, including two native Instagram apps for BlackBerry 10.
However, the most interesting part has been the current status of BlackBerry as a company. Fairfax Financial claims they decided against garnering the $4.7 Billion to take BlackBerry private. Instead, Prem Watsa and team pulled together a $1 Billion financing.
This will apparently help BlackBerry while in the “cash burn” status and keep the company in the public sector. Furthermore, Thorsten Heins was removed from his CEO position, with an interim John Chen.
Chen says BlackBerry has no intention of leaving the hardware manufacturing business, which has been causing most of BlackBerry’s losses. Nevertheless, join us in discussion of it all in this latest edition of the N4BB Live webcast.