Bad news for Blackberry

Every day there seems to be more bad news for Blackberry.

The latest news is that Blackberry has reported a Q2 loss of $1billlion. Considering the fact that no one wants to buy their new phones and several retailers have stopped selling them, we don't see how they can continue much longer.

Earlier this week we heard that the current CEO has a Golden Parachute of over $55 million. That sounds more like an incentive to have the company die soon rather than fight to keep it alive.

We'll miss you Blackberry. Only a couple of years ago (in 2009 you had over 50% of the market) you were the 800 pound gorilla in the room and now you're a tiny niche player.