BlackBerry Limited premarket drops 1.20% after cybersecurity focus and government pledge for AI regulation.
ByAinvest
Thursday, Jul 18, 2024 4:06 am ET1min read
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BlackBerry Limited experienced a decline of 1.20% in premarket trading. The negative movement was likely influenced by BlackBerry Limited's announcement of CylanceMDR Pro and QNX Containers, which while showcasing advancements in cybersecurity and software development, might not have been enough to offset concerns over the company's reliance on older technologies and the potential impact of increased competition in the industry, particularly in the face of the UK government's pledge to strengthen cybersecurity regulations and the DOJ's antitrust investigation of Ticketmaster's market dominance.
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