This company lost 4.3 billion dollars because of one simple mistake. So in the early 2000s, Motorola was one of the largest cell phone manufacturers in the world. They had the best cell phone technology, giving them The High Ground over every other cell phone manufacturer. Apple Blackberry and Motorola were all preparing to launch their first smartphone, but while Apple and Blackberry focused on the customer experience, Motorola was trying to make their phone look aesthetic.
This led Motorola stock price to drop by 90 from 2006 to 2009, which is why.
By Stock Chat
where the coffee is hot and so is the chat
I had one and a blackberry
It wasn't this simple mistake. They had to compete against China. The initial Motorola products were made for the military. You can make money anywhere. BTY this is foreign advertising
Which is why what?!
Tesla is the BlackBerry of EV. Everyone thought BlackBerry had a lock on the smartphone market and their stock price went to the moon. Then everyone realized phones aren’t a monopoly and the stock crashed 95%. Tesla is the BlackBerry of EV…no monopolies in cars either.
When I was in middle school everyone had a Blackberry and if you didn’t have on you weren’t cool…
Dang
Nice short but it cuts off before it’s finished?