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Stock Market & Financial Investment News

News Breaks
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
News For OSTK From The Last 14 Days
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February 20, 2015
09:02 EDTOSTKOverstock.com reports 34.9% increase in sales on Presidents' Day 2015
Overstock.com saw the largest Presidents' Day sales event in company history, with a 34.9% increase in sales over 2014 and an average order size increase of 11.4% on February 16. This increase was pushed, in part, by a jump in the online shopping site's mobile channel. Mobile visits were up 54% over last year, and a 30% increase in conversion helped lead to a 120% increase in mobile sales for the day.

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