Mike Lazaridis’s Post-Blackberry Events

Here’s what actually happened to Mike Lazaridis because the movie BlackBerry concludes before a few significant events that lead to the company’s demise take place.

In brief:

• The movie BlackBerry concludes with Mike Lazaridis opening crates of malfunctioning touchscreens, signaling the start of the company’s demise.
• In 2012, Mike Lazaridis stepped down as co-CEO of RIM, and BlackBerry fell apart quickly after.
• Following his departure from BlackBerry, Lazaridis established an investment firm, participated in charitable giving, and provided assistance to researchers within the sector.

The BlackBerry film closes with the beginning of Mike Lazaridis’ company’s demise, but it doesn’t go into detail about what happened to the real-life entrepreneur in the years that followed. The true tale of BlackBerry tells the narrative of the emergence and demise of RIM (Research in Motion), the company that invented the smartphone and went on to become a household name. The film follows real-life co-CEOs of RIM, Mike Lazaridis (Jay Baruchel) and Jim Balsillie (Glenn Howerton), as they navigate professional and legal challenges, but as the film closes, their demise is only getting started.

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The 2008 film about BlackBerry concludes with Mike Lazaridis opening crates containing the new BlackBerry Storm, which included static and malfunctioning touchscreens. This occurs when Jim Balsillie, the chairman of RIM, steps down and accepts responsibility for the crime after Mike cooperates fully with the SEC’s investigation into his alleged stock manipulations. History, of course, shows that Lazaridis was already too late; BlackBerry’s demise occurs far before the company’s formal collapse and the phone’s discontinuation. BlackBerry was recently recut with more footage to create a miniseries. What happened to Mike Lazaridis after the BlackBerry ended is still not disclosed, though.

Mike Lazaridis and Jim Balsillie, the real-life counterpart of BlackBerry, departed from their roles as co-CEOs of RIM around four years after the film’s conclusion. Lazaridis and Balsillie resigned from RIM in 2012 as a result of the business’s sluggish development, difficulties with innovation, and inability to compete. A few years later, the company reported its first net loss. Thorsten Heins took the position of the two businessmen and served as BlackBerry’s CEO until 2013, when John Chen took over. Just four years after Lazaridis resigned, in 2016, the BlackBerry phone line was terminated, and its services will be formally shut down in 2022 (according to BlackBerry’s website).

Mike Lazaridis departed BlackBerry at the start of the company’s demise, yet he continued to be affluent long after the movie ended. Lazaridis and Doug Fregin, his co-founder of RIM, reunited in 2013 to launch Quantum Valley Investments. The goal of the investment firm is to bring cutting-edge quantum information science technology to market, which supports their idea of creating a “Quantum Valley” in Waterloo (source: Quantum Valley Investments website). Even now, the original BlackBerry founders utilize their business to finance and assist industry researchers.

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Apart from overseeing Quantum Valley Investments, Lazaridis has garnered recognition for his accolades, donations to education, and philanthropy following BlackBerry’s demise. He further gave $20 million to Wilfrid Laurier University in 2012; this money helped to establish a new technology-based management institution in the business school, which was subsequently dubbed after the inventor of BlackBerry (via CBC). As a result of his efforts to advancing science and technology, the actual Mike Lazaridis was later chosen in 2014 to become a Fellow of the Royal Society.

Source:
https://screenrant.com/what-happened-mike-lazaridis-after-blackberry-movie/