Why Shares of BlackBerry Soared on Friday
Of all the surprising twists and turns of 2020, here's one I bet no one saw coming: BlackBerry (NYSE: BB), best known for the smartphone that was ubiquitous until Apple unveiled the iPhone, is cool again.
Shares of BlackBerry closed up 14% on Friday and finished up 35% on the week after the company announced a high-profile alliance with Amazon (NASDAQ: AMZN).
BlackBerry, the Canadian company once known as Research In Motion, has mostly flown under the radar since abandoning the handheld device market and instead focusing on software and security. But that all changed on Dec. 1 when the company announced it was teaming with Amazon Web Services to develop a platform that helps automakers collect and analyze data from vehicle sensors.
Source Fool.com
