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Stock Market & Financial Investment News

News Breaks
January 6, 2014
09:11 EDTOSTKOverstock.com to appeal ruling in California comparison advertising case
Overstock.com announced it will appeal the tentative ruling of a California trial court which prohibits the company from comparison price advertising unless done in conformity with new court-mandated practices which diverge widely from industry standards. President Stormy Simon said, "Respectfully, I believe this ruling is unjust... I am aware of the lengths we have gone to get this right on the millions of products that flow through our website. We will follow the ruling, while noting that the effects on our current practices will be small because, as we are the gold standard, we are already fanatic about getting this right. However, if fairly enforced, this ruling will force other retailers to change their processes dramatically (which makes one wonder why we are the ones who were targeted)."
News For OSTK From The Last 14 Days
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August 20, 2014
06:55 EDTOSTKOverstock.com to enable overseas customers to pay with Bitcoin, NY Times says
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August 14, 2014
06:32 EDTOSTKOverstock CEO says Bitcoin sales averaging $15K/day, Business Insider reports
Overstock.com CEO Patrick Byrne says the average daily Bitcoin sales clip recently reached $15,000 per day, or $300,000 per month, Business Insider reports. Byrne confirmed that Bitcoin sales have exceeded $2M since the company began accepting the currency in January, and believes Bitcoin revenue will account for 4c in EPS for the year on $8M in total sales. Reference Link

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