Overstock CEO resigns after admitting part of political espionage in 2016 election.

Overstock.com CEO Comments on Deep State, Withholds Further Comment

SALT LAKE CITY, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) CEO Patrick M. Byrne has released the following statement: “Sara...

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Spoiler: article

SALT LAKE CITY, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) CEO Patrick M. Byrne has released the following statement:
“Sara Carter has published two articles relating the following claims of mine:

1. Starting in 2015 I (operating under the belief that I was helping legitimate law enforcement efforts) assisted in what are now known as the ‘Clinton Investigation’ and the ‘Russian Investigation’ (in fact, I am the notorious ‘missing Chapter 1’ of the Russian investigation). It was the third time in my life I helped the Men in Black: the first was when my friend Brian Williams was murdered, and the second was when I helped the M.I.B. shake up Wall Street a decade ago. Unfortunately, this third time turned out to be less about law enforcement and more about political espionage conducted against Hillary Clinton and Donald Trump (and to a lesser degree, Marco Rubio and Ted Cruz).
2. In July 2018 I put the pieces together. I immediately (last July) came forward to a Congressman and a senior military officer, to the Department of Justice this April, and (upon my Omaha Rabbi reminding me of my duty as a citizen late this June) to a small set of journalists this summer. Ms. Carter was among them. Her two stories are accurate.

Having confirmed Ms. Carter’s two articles, I have fulfilled those citizenship obligations of which my Rabbi reminded me. I will speak no more on the subject. Instead, having lived in places lacking Rule of Law and having witnessed the consequences of its absence, I plan on sitting back and watching the United States Department of Justice re-establish Rule of Law in our country.”
About Overstock.com
Overstock.com, Inc Common Shares (NASDAQ:OSTK) / Digital Voting Series A-1 Preferred Stock (Medici Ventures’ tZERO platformSTKO) / Series B Preferred (OTCQXSTBP) is an online retailer and technology company based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new products at low prices, including furniture, décor, rugs, bedding, home improvement, and more. The online shopping site, which is visited by nearly 40 million customers a month, also features a marketplace providing customers access to millions of products from third-party sellers. Overstock was the first major retailer to accept cryptocurrency in 2014, and in the same year founded Medici Ventures, its wholly-owned subsidiary developing and accelerating blockchain technologies to democratize capital, eliminate middlemen, and re-humanize commerce. Overstock regularly posts information about the company and other related matters on the Newsroom and Investor Relations pages on its website, Overstock.com.
O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. O.biz and Space Shift are also trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Form 10-Q for the quarter ended June 30, 2019, which was filed with the SEC on August 8, 2019, and any subsequent filings with the SEC.
SOURCE: Overstock.com, Inc.

Whew lad, is all I gotta say.

 

[frozenrunner]

Overstock.com is still around? I'd just assumed they went out of business like ten years ago. Learn something new every day.

Literally all I remember about the site is the hot woman who used to be their "mascot," Sabine Ehrenfeld.

Spoiler: 🤤

 

[Foxxo]

This guy's either developing paranoid schizophrenia, or suffering from a psychotic break.

Or hey, maybe he had it all along, and that's how O.com got up out of the warehouse.

 

[Larry David's Opera Cape]

This guy's either developing paranoid schizophrenia, or suffering from a psychotic break.

Or hey, maybe he had it all along, and that's how O.com got up out of the warehouse.

Seriously sometimes when these rich guys crack up, no one bothers to stop them because they are surrounded by sycophants and can buy their way out of any jam. That's what this looks like to me. Maybe an aide said "sir, it's not the best idea to go to the press with your story about the men in black and lizard suits and--" "FUCK YOU I DO WHAT I WANT."

 

[CharlesBarkley]

CIA glow niggers keep funneling radiation into my brain to give you the best discount mattress prices.

 

[⠠⠠⠅⠑⠋⠋⠁⠇⠎ ⠠⠠⠊⠎ ⠠⠠⠁ ⠠⠠⠋⠁⠛]

Overstock.com is still around? I'd just assumed they went out of business like ten years ago. Learn something new every day.

Who could possibly have seen this outburst coming? From Mr. Herb Greenberg (lol) in 2006:

Shortly after I started writing about Overstock.com (NASDAQSTK) in the fall of 2004, focusing on a few off-the-baseline emails CEO Patrick Byrne sent to the guy who runs Gradient Analytics, Byrne started lashing out by rolling out his now-infamous "Sith Lord" conspiracy theory. That was the theory that there was a conspiracy linking short-sellers, the press, the government and others to drive down the price of his company’s stock and others...

Overstock CEO Patrick Byrne, speaking on his company’s earnings call, used the word “distressing” to describe the quarter several times.

He said he has taken over the company’s internal marketing (his reward for doing such a good job as CEO, no doubt) and has stopped focusing on “the jihad,” which he said “is a snowball inside its own momentum.”

He further said the company will no longer offer guidance (which is actually a good thing; I have no idea why any company gives guidance considering that nobody is capable of seeing the future) but then went on to say he thought it would take until March or June for him to get the marketing on track.

Emphasis mine.

Byrne is really quite an impressive character. I didn't buy his claims about short selling at the time. I'm still not sure I buy them now. Butttt- with the knowledge I've gained since, I wouldn't be shocked if there was a conspiracy against Overstock at the time, coordinated by the Wall Street types. Probably motivated more by big Amazon investments made by hedge funds, rather than a desire to make money shorting Overstock's stock.

It should be noted that Byrne (and his team, which he selected) managed to fight their way out of that hole, which says a lot about his determination and the value of being a crazy motherfucker who takes no prisoners.

 

[PonelessBizza]

CIA glow niggers keep funneling radiation into my brain to give you the best discount mattress prices.

Do you pay people money to sell them your stuff?

 

[Begemot]

And you all laughed when I said the reptilians were real...