Wikipedia
Overstock.com, Inc. is an American online retailer headquartered in Cottonwood Heights, Utah, near Salt Lake City. CEO Patrick M. Byrne founded the company in 1997 and launched the company in May 1999. Overstock.com sells home decor, furniture, bedding, and many other goods that are primarily closeout merchandise.
Overstock.com initially sold surplus and returned merchandise on an online e-commerce marketplace, liquidating the inventories of at least 18 failed dot-com companies at below-wholesale prices. In recent years, it has expanded to sell new merchandise as well.
The business started rebranding in early 2011 as "O.co" to simplify and unify its international operations but interrupted this effort a few months later, citing consumer confusion over the new name.
Overstock went public in May 2002 at an IPO price of $13, and after achieving significant growth and profits in some early quarters, achieved a profit of $7.7 million in 2009 and reported its first billion-dollar year in 2010.
Byrne took an indefinite leave of absence in April 2016 because of Hepatitis C complications. The general counsel, Mitch Edwards, was named acting CEO.