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Auctionbytes-NewsFlash, Number 1255 - April 11, 2006 - ISSN 1539-5065      Previous Story | | Next Story

Overstock President 'Goes Home' to Online Auction Discussion Board
By Ina Steiner
AuctionBytes.com
April 11, 2006
Reading AuctionBytes: Overstock President 'Goes Home' to Online Auction Discussion Board

For the community of buyers and sellers on Overstock.com Auctions who might have missed the battle being waged by Overstock.com CEO Patrick Byrne against Wall Street, a post by Byrne brought them up to date. Byrne posted a summary of his "choicest writings" from other boards on the Overstock.com Auctions boards on April 1, 2006.

Byrne has been openly critical of financial institutions and the financial press. Byrne filed a lawsuit against two companies for allegedly conspiring to denigrate Overstock.com's business for personal profit. Information about the lawsuit can be found on Overstock.com's Investor Relations pages (http://www.shareholder.com/overstock/suit.cfm).

In his board post, Byrne apologized for having been away from the Overstock.com Auctions discussion boards for a year. Overstock.com's discussion board index page, found here (http://forums.auctions.overstock.com), links to the Byrne's dedicated area called, "Deep Thoughts by Patrick Byrne." He reassured one member that his April 1st posting was no April Fool's joke. Members responded to his post warmly and two expressed hope his return would benefit the Overstock.com Auction site.

Overstock.com launched the auction platform in September 2004 and attracted a number of eBay sellers who wanted to expand their sales channels.

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