Blackberry's CEO Just Let Big Tech Names Like Facebook Have It
Blackberry (BB) - Get Report continues to serve up reasons for Wall Street to be bullish on its stock.
The former phone maker turn connected car player delivered better than expected fiscal fourth-quarter earnings on Wednesday. Sales growth was solid in most areas of the business, notably in Tech Solutions with growth of 31% from the prior year.
Shares rose 2% on the session as gains were held back due to an ongoing rout in the tech stock space. TheStreet talked with Blackberry CEO John Chen about the quarter, but the discussion quickly turned to data protection in light of Action Alerts Plus holding Facebook's (FB) - Get Report Cambridge Analytica breach.
"Big tech is doing some [protection], but they need to do more because there is a tug-o-war here for them," Chen told TheStreet. "They sell data for a living, they monetize data for a living and there is nothing wrong with that, provided the data owner allows you to do that."
Chen also says there should be some regulation of the tech space.
While You Are Here...
TheStreet is no stranger to talking to the biggest names in business. For instance, take a watch of our exclusive interview with Kraft Heinz (KHC) - Get Report CEO Bernardo Hees below.
