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Why BlackBerry Stock Jumped Again Today

TheMotleyFool 
0 0 15.01.21
Why BlackBerry Stock Jumped Again Today
 

Shares of BlackBerry (NYSE: BB) spiked today after Bloomberg reported that the company has settled a yearslong dispute with Facebook over patents. This is the second day in a row that BlackBerry's stock has made significant gains. 

The tech stock was up by as much as 26.8% this morning and had settled to a 12.7% gain as of 12:12 p.m. EST. 

BlackBerry and Facebook have been fighting since at least 2018, when BlackBerry sued the social media company for allegedly using some of its technology in Facebook's messaging app. Facebook countersued and challenged some of the tech company's patents. 

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Source Fool.com

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