overstock

We didn't, unfortunately, get a proper match to corporate records because their corporate name is Overstock Garage, Inc.

As for Overstock it is nice to see competition in a space dominated by the Ebay/Amazon duopoly.

If you want to discredit Bitcoin-related finance, have Overstock CEO Patrick Byrne be its poster child.

NewEgg and Overstock reported that their Bitcoin business was much lower than expected, and have backed off on promoting Bitcoin.

Do they have a unique tap into the supply chain management of the various retailers that gives them competitive advantage in being able to negotiate the overstock/endlot item prices?

Is there a reason the Overstock board hasn't reined Byrne in on his cryptocurrency push given that it's basically been an 18 month long failure that he keeps throwing money after?

Sure, you could shop on Overstock or Newegg or somesuch instead, but would that be convenient after all the energy you might have invested into Amazon (ordering products, perhaps even a Prime membership)?

There are companies that specialize in buying unused stock - that's what overstock.com does, and there are firms called jobbers that take excess inventory of retailers' hands for cash, albeit at a steep discount.

I have no opinion on Overstock as an investment or business, but their market cap is around $300mm; I don't see how hedge funds could make enough shorting it for it to be worth committing fraud.

Byrne claimed that naked short selling resulted in 6x the "actual supply" of overstock shares in the market (i.e.

The same shorts that have attacked Overstock's CEO similarly attacked the CEO of Fairfax Financial: "According to court documents, the hedge fund companies allegedly retained an obscure operative named Spyro Contogouris to drive down Fairfax’s share price, a task he went about with alacrity.

> Overstock’s free-thinking CEO, Patrick Byrne "free thinking": business speak for "fucking nuts, but inexplicably keeps making money, just." I believe there were recommendations that Overstock shunt all the lunacy over to a spinoff company run by Byrne and get someone not insane to run the actually profitable business.

For shopping, I use Amazon or overstock or some named store, not name-of-thing.com When I'm searching for reviews of something and get results for "exact-thing-I-searched-reviews.com" or "best-name-of-thing.com", I immediately know those are spam and not worth visiting, since no business / forum / self-respecting personal site would call themselves something so ridiculously specific.

Overstock and Patrick Byrne are the poster children for how lack of focus leads to leads to inferior performance.

Are you suggesting that this is a ruse to lower the price of Overstock's shares?

Overstock has been the target of naked short selling before and now Patrick Byrne, CEO of Overstock, is on a crusade to change the stock market to make it impossible to do so.