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Blackberry's Lazaridis Lessens Company Stake

BlackBerry co-founder Michael Lazaridis has trimmed his stake in the company to just below 5% after selling 3.5 million shares last week, reported AP. The sales disclosed in a regulatory filing came after BlackBerry Ltd. announced a third-quarter loss of $4.4 billion. BlackBerry's products are falling further behind the iPhone and devices running on Android software.

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