At long last, Blackberry Messenger has arrived for Android and iOS. After the unsuccessful attempt to launch last September, Blackberry now seems ready to go ahead with a second launch. However, with Blackberry’s recent issues, will this do more harm or good given that one of the reasons people still buy Blackberry is because of BBM?
Earlier today, another public firm, TW Telecom, became another victim of the highly anticipated Twitter IPO (Initial Public Offering). Following the case of investors buying Tweeter shares because of the similarity of its ticker (TWTRQ) to Twitter’s (TWTR), TW Telecom, which trades under the ticker “TWTC”, saw a sudden rise today in the value of its stock from “from $30 to $300 in less than a minute” and forced the NASDAQ to cancel trades.
After years of lagging behind companies like Apple and Google, Blackberry may soon be looking to break up the company.
In an article by Bloomberg, concerns that “Fairfax Financial Holdings Ltd. (FFH) may be unable to line up funding or partners for a $4.7 billion buyout” have made breaking up the company a much more attractive option in Blackberry’s current situation. This would let interested parties bid for the parts of Blackberry that they are most interested in such as patents and enterprise network.
An example of a firm’s attempt to climb the industry ladder, Walmart has been trying to gain strength in the e-commerce market through efforts such as “building a series of fulfilment centers for online orders” and concentrating resources on mobile app development. However, Walmart faces significant obstacles, in particular, competition from a current industry leader – Amazon.