Hi! Welcome Back and Stay Tune! Overstock is officially pivoting to blockchain - Mukah Pages : Media Marketing Make Easy With 24/7 Auto-Post System. Find Out How It Was Done!

Overstock is officially pivoting to blockchain

Mimi Sabreena 4:01:00 PM Editor Choice

Overstock is getting out of ecommerce.

One of the internet’s earliest online retailers, Overstock, is preparing to sell off its entire ecommerce business in February according to its founder and CEO Patrick Byrne.

Overstock’s future? Cryptocurrency and blockchain startups.

Speaking to the Wall Street Journal, Byrne detailed his Overstock sale plans and discussed the company’s $175 million investment so far into its subsidiary Medici Ventures, which backs blockchain startups.

Overstock was founded in 1999 and initially focused on selling surplus, returned, and liquidated merchandise of all types. As of today, the company’s ecommerce focus has shifted to home decor, bedding, kitchen appliances, and jewelry. Read more...

More about Bitcoin, Blockchain, Cryptocurrency, Overstock, and Overstock.Com

✍ Source : ☕ Mashable

To continue reading click link or copy to web server. :

(✿◠‿◠)✌ Mukah Pages : 👍 Making Social Media Marketing Make Easy Through Internet Auto-Post System. Enjoy reading and don't forget to 👍 Like & 💕 Share!

No comments

Comments are welcome and encouraged on this site. Comments deemed to be spam or solely promotional will be deleted. Including link to relevant content is permitted, but comments should be relevant to the post topic.

Comments including profanity and containing language that could deemed offensive will also deleted. Please respectful toward other contributors. Thank you.