Overstock.com , Inc. [Nasdaq: OSTK] is an online retailer and technology company based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new home products at low prices, including furniture, décor, area rugs, bedding and bath, home improvement, and more. The online shopping site, which is visited by tens of millions of customers a month, also features a marketplace providing customers access to millions of products from third-party sellers. Patrick Byrne (founder and former CEO) bought Deals.com in 1999 and rebranded the international retailer to Overstock.com. In its early years, Overstock.com gained a reputation for bargain prices and “steals,” which led to early success earning $25.5 million in year two and $80 million in year three. In 2002, Overstock.com went public and earned nearly $100 million in gross revenues. Between 2011 to 2019, Overstock’s revenue grew at a CAGR of 4.14% - not very exciting is it? As with many online retailers. Overstock...
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