RIM: BlackBerry-maker stock plunge 'painful to watch'
After RIM stock hit a new low, the Twitterverse had a lot to say on the subject. Can the company stay afloat? Should it shut down or accept a takeover? Are you on Team iPhone or Team BlackBerry? Here's a look at what the online world is saying about
- Is RIM now just a joke?
- Some people on Twitter are treating it as a joke, taking glee in its recent stock issues or poking fun at the company. For many people, it's just getting too painful to watch the drama of RIM's problems unfold.
- THE BACKGROUND:
Investors hammered BlackBerry-maker Research in Motion in morning trading Friday, following the company’s announcement Thursday of a massive first quarter loss, heavy job cuts and the delay of the long-awaited BB10 smart phones.
By 10:25 a.m., RIM shares had dropped $1.77 to $7.69, a fall of more than 18 per cent.
Also, analysts issued scathing reports on RIM, a day after the company announced a $518 million fiscal first quarter loss and that it was pushing back BB10’s launch until the first quarter of 2013.
#RIM stock plunges 18%. POLL: Should RIM A) break up B) accept a takeover C) stay the course, or D) go private? VOTE: bit.ly/OIS9Ux- Piers Morgan is a celebrity fan of the BlackBerry maker.
- He's definitely on Team BlackBerry, and, even with this latest setback, he's not alone.
Ouch, tough times for #RIM... Down for the count, but you have until 10 to stand up! ;) #TeamBlackBerry- Not everyone has a warm, fuzzy feeling about RIM. Some appear straight-up gleeful over the company's struggle to stay afloat.
- Others say it's just too difficult to watch each blow to RIM.
- Seeking Englishits a shame what has happened to RIM2012-07-11T22:50:50.537Z
