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As a European, I have never heard of Overstock. Though they actually do ship here and prices can be displayed in Euro's. How big is this site? What is their an

by neals 13y ago

As a European, I have never heard of Overstock. Though they actually do ship here and prices can be displayed in Euro's. How big is this site? What is their angle? Are they just like a smaller amazon.com? Overstock sounds a little like lower priced articles from left over stocks or something...

givehimagun 13y ago
I think the left over stock is how they originally started. Based on where they are now, I'd categorize them as a smaller Amazon.
selectout 13y ago
While I know Alexa is far from accurate, it does show overstock.com to be the 621 largest universal site and 160th in the USA. That should show you scale. In 2010 (Fiscal Year) they has $1.1 billion in revenue with 1600 employees. They are publicly traded with a market cap just under $750 million.
- neals 13y ago
  That is actually many times bigger than I would have guessed. That they're accepting Bitcoin is pretty huge for the Bitcoin movement then.
deadfall 13y ago
The site is pretty big. Been around for a while. I just watched a documentary from many years back about stocks and they talk about overstock.com being a victim of naked short selling. http://en.wikipedia.org/wiki/Overstock.com http://en.wikipedia.org/wiki/Overstock.com
- eli 13y ago
  Is there any evidence that the naked short selling was a real thing beyond the insistence of the CEO?
  - deadfall 13y ago
    I didn't look into it further. A lot of counter suing going on.
  - ddebernardy 13y ago
    Pop over to deepcapture.com and see for yourself. (It's maintained by Overstock's CEO as a side project, but it seems to me that the endless stream of scathing accusations would have brought swaths of libel suits if the stuff had no basis in reality -- enough for them to defend themselves against a court shutting them down anyway.)
    - eli 13y ago
      "Hasn't been sued for libel yet" isn't quite the quality of evidence I was looking for.
      - ddebernardy 13y ago
        Think of it as a proxy… Follow the links and the references on that site, and see for yourself. The site has tons of them.
torbit 13y ago
They are big. For short they also own o.co which directs to overstock. They currently sponsor a multi purpose stadium named 0.com. the MLB, NFL, and MLS have a team that play there. side note: noticeable brands that sponser a American stadium: BofA, Gillette, Qualcomm,FedEx, AT&T, Mercedes-Benz.
flyosity 13y ago
Overstock is pretty awesome. One of their big marketing angles is free shipping over $50. I've purchased large furniture, rugs, desks and other very heavy things from them and have always had free shipping. Often that "free shipping" meant "local delivery and bringing it into your house for free" which is pretty amazing.
sandyarmstrong 13y ago
"Bitcoins are only accepted on the domestic (US) version of Overstock.com. Currently they will not be accepted for any orders shipped internationally." https://help.overstock.com/app/answers/detail/a_id/5794 https://help.overstock.com/app/answers/detail/a_id/5794
- gigq 13y ago
  I wonder why this is. One of the benefits of bitcoin is that once you send it it's gone so there if you wait for enough confirmations there is no chance of charge back fraud. I'm not sure what they are worried about happening with international orders. Stolen bitcoin?
aestra 13y ago
Overstock is great I've bought a lot of things from them in the past including my bed and mattress. I like going to them equal to Amazon. Good prices, good selection, $2.29 shipping on all all orders. One of my favorite online places to shop. I have a few thousand usd in coinbase if I needed anything I'd buy something from Overstock in principle!!! I like Bitcoin They also have TV commercials in the US they used to at least.

by neals 13y ago

givehimagun 13y ago

I think the left over stock is how they originally started. Based on where they are now, I'd categorize them as a smaller Amazon.

selectout 13y ago

While I know Alexa is far from accurate, it does show overstock.com to be the 621 largest universal site and 160th in the USA. That should show you scale. In 2010 (Fiscal Year) they has $1.1 billion in revenue with 1600 employees. They are publicly traded with a market cap just under $750 million.

neals 13y ago
That is actually many times bigger than I would have guessed. That they're accepting Bitcoin is pretty huge for the Bitcoin movement then.

deadfall 13y ago

The site is pretty big. Been around for a while. I just watched a documentary from many years back about stocks and they talk about overstock.com being a victim of naked short selling. http://en.wikipedia.org/wiki/Overstock.com http://en.wikipedia.org/wiki/Overstock.com

eli 13y ago
Is there any evidence that the naked short selling was a real thing beyond the insistence of the CEO?
- deadfall 13y ago
  I didn't look into it further. A lot of counter suing going on.
- ddebernardy 13y ago
  Pop over to deepcapture.com and see for yourself. (It's maintained by Overstock's CEO as a side project, but it seems to me that the endless stream of scathing accusations would have brought swaths of libel suits if the stuff had no basis in reality -- enough for them to defend themselves against a court shutting them down anyway.)
  - eli 13y ago
    "Hasn't been sued for libel yet" isn't quite the quality of evidence I was looking for.
    - ddebernardy 13y ago
      Think of it as a proxy… Follow the links and the references on that site, and see for yourself. The site has tons of them.

torbit 13y ago

They are big. For short they also own o.co which directs to overstock. They currently sponsor a multi purpose stadium named 0.com. the MLB, NFL, and MLS have a team that play there. side note: noticeable brands that sponser a American stadium: BofA, Gillette, Qualcomm,FedEx, AT&T, Mercedes-Benz.

flyosity 13y ago

Overstock is pretty awesome. One of their big marketing angles is free shipping over $50. I've purchased large furniture, rugs, desks and other very heavy things from them and have always had free shipping. Often that "free shipping" meant "local delivery and bringing it into your house for free" which is pretty amazing.

sandyarmstrong 13y ago

"Bitcoins are only accepted on the domestic (US) version of Overstock.com. Currently they will not be accepted for any orders shipped internationally." https://help.overstock.com/app/answers/detail/a_id/5794 https://help.overstock.com/app/answers/detail/a_id/5794

gigq 13y ago
I wonder why this is. One of the benefits of bitcoin is that once you send it it's gone so there if you wait for enough confirmations there is no chance of charge back fraud. I'm not sure what they are worried about happening with international orders. Stolen bitcoin?

aestra 13y ago

Overstock is great I've bought a lot of things from them in the past including my bed and mattress. I like going to them equal to Amazon. Good prices, good selection, $2.29 shipping on all all orders. One of my favorite online places to shop. I have a few thousand usd in coinbase if I needed anything I'd buy something from Overstock in principle!!! I like Bitcoin They also have TV commercials in the US they used to at least.