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I'm surprised that Overstock is simultaneously still running at a loss and is seeing rising share values. Every time I've tried to shop there, I've found a ter
by wtracy 6y ago
I'm surprised that Overstock is simultaneously still running at a loss and is seeing rising share values.
Every time I've tried to shop there, I've found a terrible selection, middling prices, and a mediocre UI. (To be fair, every e-commerce giant has a mediocre UI.) I see them casually mentioned in lists of "Amazon alternatives", but I've never once had someone recommend Overstock for a specific purchase. I don't think I've even talked to anyone who actually buys there.
Are they growing gangbusters in some niche I'm not aware of?
- ac29 6y agoOverstock is not running at a loss (anymore). They doubled their revenue year over year and went from losing money to making money. I imagine that is why their stock is up, though I couldn't comment on why its up by 1000%. https://www.marketwatch.com/investing/stock/ostk/financials/income/quarter https://www.marketwatch.com/investing/stock/ostk/financials/...
- pashamur 6y agoThey've also heavily pivoted into tech in the past several years I think: https://money.cnn.com/2018/08/10/technology/overstock-blockchain-bitcoin-investment-earnings/index.html https://money.cnn.com/2018/08/10/technology/overstock-blockc...