Overstock CEO Patrick Byrne resigned Thursday after recent comments pushing a Trump-style “deep state” conspiracy caused company shares to collapse.
“I am in the sad position of having to sever ties with Overstock, both as CEO and board member, effective Thursday August 22,” Patrick Byrne said in a statement released Thursday.
Shares in Overstock plummeted nearly 40 percent, the worst two-day decline in the company’s history, just a little over a week ago when Byrne began pushing his story.
View the complete August 22 article by Oliver Willis on the National Memo website here.