Mike Lazaridis, who led development for the first BlackBerry device back in 1999 and co-founded Research In Motion, the company's first name, reduced his stake in the firm to just 4.99 percent this week from 5.7 percent. The sale equated to selling 3.5 million shares for $27.4 million. In a regulatory filing released to the public on Tuesday, Lazaridis said he's no longer interested in regaining control over BlackBerry, The Wall Street Journal reports.
Earlier this year, Lazaridis expressed interest in taking over the company after BlackBerry opened itself up to potential buyers in the face of plummeting profits. More recently however, newly-appointed CEO John Chen has promised to return the Canadian smartphone-maker to profitability, announcing, "Our 'for sale' sign has been taken down and we are here to stay."
In a recent earnings call, Chen revealed the company has inked a deal with Chinese manufacturer Foxconn to help develop and produce future BlackBerry devices, including an upcoming entry-level smartphone codenamed Jakarta, which he said will run BlackBerry 10. The company is also apparently working on two new high-end handsets codenamed Ontario and Windermere to replace the unpopular Z10 and Q10 smartphones. Lazaridis' sell off appears to signify that he doesn't see success coming from BlackBerry's current roadmap.

Disguise your little one with the help of a themed costume
From avocado halves to hoppy bunnies, costumes speak to every child's unique spirit. And we've collected our favorite options.

Add magic to your living space with these string lights
String lights add personality and soft light to your living space. Here are some of the best.

The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!

Choose the best envelope to suit your needs
Before you settle on an envelope, it is good to understand a few things. What are you sending? Who are you sending it to? Do you want to grab their attention? Will it be safe? With all that in mind, choosing the right envelope will be a walk in the park. From our rounded-up list of the best envelopes available today, you will certainly find an envelope to match your needs.