Mike Lazaridis, BlackBerry co-founder sells $26 million in BBRY shares

500 mike lazaridis Mike Lazaridis, BlackBerry co founder sells $26 million in BBRY shares

You might have heard of him. He’s only one out of two people who practically invented the BlackBerry brand. However, Mike Lazaridis, according to an article from the Globe and Mail, has sold $26 million in BBRY shares.

Although the stock has been booming since Friday’s earnings call, BBRY shares have been up roughly 25% since that day, even though Mike Lazaridis sold 3.5 million of his BBRY shares since Monday, earning up $26 million in the process – as recent SEC filings show.

Whether or not he sold them on the basis that he doesn’t believe in the Company’s future vision or he just needed to pay for the Christmas gifts he might have bought, we may never know. However, this doesn’t mean he doesn’t have any shares left in BBRY, he now owns just under 5% of the company in total.

What would you do with $26 million dollars? Why do you think Mike sold his shares? Let us know in the comments below!

Source: Globe and Mail

 

 Mike Lazaridis, BlackBerry co founder sells $26 million in BBRY shares
Owned my first BlackBerry in 2009, the Curve 8310. Wow, how time flies. Anyhow, feel free to contact me on my email at billy@blackberryempire.com, drop me a tweet @bilaalsaghir, follow my BBM Channel: C001232F7 or add me on BBM via PIN: 24CA6E5F

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