These 10 Firms Took A Hit on Friday

7. BlackBerry Ltd. (NYSE:BB)

BlackBerry Ltd. (BB)’s share prices dropped by 5.23 percent on Friday to finish at $3.99 each as investors repositioned their portfolios following the departure of Jay Chai from his position as senior vice president and chief accounting officer for the company effective January 31, 2025.

According to BlackBerry (BB), Chai’s decision to leave the company was to pursue other opportunities. It clarified that the resignation was not due to any disagreements with the company’s strategy, operations, policies, or practices.

At present, BlackBerry (BB) has yet to name a successor for Chai, or whether a search for a new chief accounting officer is underway.

In other news, BlackBerry (BB) recently clinched a deal with Microsoft Corp. to speed up the development of software-defined vehicles (SDV).

The collaboration is set to integrate the QNX software development platform (SDP) 8.0 with Microsoft Azure, a move that will offer developers a robust cloud environment to innovate and refine automotive and Internet of Things applications.