“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.