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August 14, 2014
06:32 EDTOSTKOverstock CEO says Bitcoin sales averaging $15K/day, Business Insider reports 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
News For OSTK From The Last 14 Days
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January 29, 2015
09:05 reports Q4 EPS 6c, may not compare to one estimate 25c
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January 21, 2015
06:17 EDTOSTKOverstock to introduce streaming-video service later this year, WSJ reports (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
12:01 to appeal patent infringement case
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