|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.75 - 14.75|
|52 Week Range||10.50 - 46.00|
|Beta (3Y Monthly)||2.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.16 (1.08%)|
|1y Target Est||N/A|
Overstock.com shares gain after CEO Patrick Byrne says company's legacy business can fund its blockchain initiatives.
Overstock.com, Inc. (NASDAQ: OSTK) released a letter to shareholders from CEO Patrick Byrne Monday that discussed company developments, the future of blockchain and the possible sale of its retail business. “We will sell the retail business if it makes sense and we get a good offer for a good home for it.
SALT LAKE CITY, July 15, 2019 -- Overstock.com, Inc. (NASDAQ:OSTK) releases the following letter to shareholders from CEO Patrick M. Byrne: Dear Shareholders, Recent.
It's been nearly 20 years since the Nasdaq bubble burst in March of 2000. Overstock.com launched in 1999 as on online liquidator, selling surplus merchandise for failed dotcom companies. Here's why the company is interesting for investors: this stock is basically a proxy for digital currencies, without the inherent risks of actually owning crypto.
The online retailer received its second Appy Award and eTail’s Best in Class Award for Best Mobile App SALT LAKE CITY, July 09, 2019 -- Overstock.com, Inc..
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The crypto mobile wallet app, called tZERO, for now will run on Apple Inc. (NASDAQ: AAPL)’s iOS mobile platform, but the company said it will offer an Android version soon. It will allow customers to buy, hold and sell different cryptocurrencies, starting with bitcoin and Ethereum. “We consider the launch of tZERO's crypto mobile wallet as a significant milestone for the company and recommend investor purchase shares on the announcement,” Forte wrote in a note.
Overstock.com, Inc. (OSTK) announces the creation of a new Digital Voting Series A-1 Preferred Stock, OSTKO. OSTKO will be traded on the PRO Securities ATS, an SEC registered alternative trading system operated by PRO Securities, a tZERO subsidiary and a broker-dealer, and powered by tZERO’s new security token trading technology. The majority of existing shares of the Series A Digital Preferred Stock OSTKP have been converted into the new Digital Voting Series A-1 Preferred Stock, OSTKO, with others converted into Series B Digital Preferred stock, OSTBP.
Bitcoin prices have been on fire in recent weeks, and Overstock.com Inc (NASDAQ: OSTK) has been along for the ride. At 9:01 a.m., a trader bought 1,000 call options with a $12.50 strike price expiring on Sept. 20 at the ask price of $2.312. The trade represented an $231,200 bullish bet at a break-even price of below $14.81.
shares were rising Thursday after the online retailer's tZERO subsidiary announced that it was launching a digital wallet and exchange app for cryptocurrencies. Investors will be able to buy, sell and hold digital assets on their mobile phone through the new tZERO Crypto App. "One of my goals since I joined the company is to provide an intuitive user experience on both mobile and the web to trade all digital assets, including cryptocurrencies," tZERO CEO Saum Noursalehi told Reuters.
Overstock.com, Inc. (OSTK) announced its subsidiary tZERO, the global leader in blockchain innovation for capital markets, through its tZERO Crypto unit, has launched its digital wallet and exchange services mobile app (the “tZERO Crypto App”) for digital currencies. The tZERO Crypto App enables users to buy, sell, and hold digital currencies efficiently and securely, directly on their mobile phone.
after the CEO disclosed progress in the company's effort to become a blockchain company and shed its retail business. At the Fortune Brainstorm Finance conference in Montauk, N.Y., Chief Executive Patrick Byrne told CNN Business that the company received inquiries from two potential buyers on the retail side. Byrne said Overstock has found retailing too competitive and sees a fast-growing opportunity in blockchain.
Overstock.com, Inc. (OSTK) announced Medici Land Governance, its blockchain subsidiary focused on land administration, has recorded Teton County, Wyoming’s land titles to a blockchain-based land record and information platform. The partnership, which was first announced on December 20, 2018, makes Teton County the first county in the United States to record land information (including warranty deeds, mortgages, release of liens, and other similar documents), on a blockchain-based platform.
Overstock.com, Inc. (NASDAQ: OSTK ) announced Monday that its blockchain subsidiary Medici Land Governance has signed a memorandum of understanding with Liberia’s Ministry of Finance and Development Planning. ...
Overstock.com, Inc. (OSTK) announced that Medici Land Governance (MLG), its blockchain subsidiary focused on land administration, has signed a Memorandum of Understanding (MOU) with Liberia’s Ministry of Finance and Development Planning. The MOU will lead to a pro bono pilot project exploring the potential for the digitization of existing government services and the development of e-government platforms in the African country. In opening itself to blockchain government services, Liberia joins MLG’s currently active projects in Zambia and Rwanda.
Overstock.com, Inc. (OSTK) announced that Medici Land Governance (MLG), its blockchain subsidiary focused on land administration, has signed a Memorandum of Understanding (MOU) with the Lusaka City Council (LCC) that will lead to the issuance of no fewer than 250,000 certificates of title related to real property under the jurisdiction of LCC in and around the capital city of Zambia. In addition to establishing a simplified, time-sensitive, and streamlined titling process that builds on the 50,000 homes upon which MLG collected governance information in the fall of 2018, the MOU calls for developing and deploying a land information management system to handle title transfers, title searches, and other transactions.
Overstock.com, Inc. (OSTK) recently launched the world’s largest omni-channel 3D and augmented reality (AR) experience in e-commerce, expanding its 3D models from its award winning mobile apps to mobile web, reaching 100 percent of the retailer’s mobile users. Building on Overstock’s investment over the past three years in AR and 3D experiences, Overstock partnered with Seek, an AR industry leader specialized in web-based AR, to build on this innovation. Today, whether they’re using the mobile app or browsing online, Overstock shoppers can seamlessly view true-to-life size 3D renderings of thousands of products from top selling categories like furniture, home goods, and décor on all platforms and view these products in their room with AR.
CEO pay isn't always a multimillion-dollar package. Many investors might be surprised to find even CEOs of publicly traded companies earn less than $100,000 a year.
Patrick Byrne, CEO of online retailer Overstock and high profile blockchain enthusiast, has moved to defend his recent sale of around 900,000 shares in the company. He did so as Overstock’s stock price slumped mid-week and shareholders kicked up a fuss. In a ‘take no prisoners’ letter, he said: “An unanticipated stir has been created this week among shareholders by my sale of approximately 900,000 shares of “founder’s shares” of Overstock, referenced in Form 4 filings on 15th May 2019, and today on 17th May 2019. Oddly, people of whom I have never heard are writing me demanding answers regarding my timing, reasoning, and purpose in such sales.” “Apparently, some find it unsettling and demand answers from me about why, after 20 The post Miffed Overstock boss responds to ‘gauche’ shareholder letters appeared first on Coin Rivet.