Patrick M. Byrne founded Overstock.com in 1997 to sell surplus and returned inventory of retail stores, liquidating the inventories of at least 18 failed dot-com companies at prices that were below wholesale.
The first year of operation, Overstock.com had $1.8 million in revenue.
The company showed a profit for the first time in 2008. In 2009 the company resumed making losses and finally became profitable in 2010. 
In recent years Overstock.com has expanded to sell new merchandise. From 2004 to 2011 the company offered online auctions but the practice was ultimately retired.
Overstock.com began rebranding in 2011 as “O.co” in an effort to simplify and unify its international operations. However, customer confusion led to a temporary retraction of the rebranding.
Today Overstock.com is an internet retailer providing discounts on brand name, non-brand name, and closeout merchandise in the United States and internationally. The company also has a vehicle selling service.
In September 2018, the company announced that it was selling Bitcoin through its website using Bitsey Wallet.
In August 2019, CEO Patrick Byrne stepped down after making claims that he had been an FBI informant and that he was involved romantically with a Russian spy. Jonathan Johnson was named as interim CEO.
Many products are made specifically for overstock.com and the company also sells merchandise of other retailers through its website. Overstock. com has 1,800 employees and had $1.745 billion in revenue in 2017.
Patrick M. Byrne founded Overstock.com in 1997 to sell surplus and returned inventory of retail stores, liquidating the inventories of at least 18 failed dot-com companies at prices that were below wholesale.
History
The first year of operation, Overstock.com had $1.8 million in revenue.
The company showed a profit for the first time in 2008. In 2009 the company resumed making losses and finally became profitable in 2010.
In recent years Overstock.com has expanded to sell new merchandise. From 2004 to 2011 the company offered online auctions but the practice was ultimately retired.
Overstock.com began rebranding in 2011 as “O.co” in an effort to simplify and unify its international operations. However, customer confusion led to a temporary retraction of the rebranding.
Today Overstock.com is an internet retailer providing discounts on brand name, non-brand name, and closeout merchandise in the United States and internationally. The company also has a vehicle selling service.
In September 2018, the company announced that it was selling Bitcoin through its website using Bitsey Wallet.
In August 2019, CEO Patrick Byrne stepped down after making claims that he had been an FBI informant and that he was involved romantically with a Russian spy. Jonathan Johnson was named as interim CEO.
Many products are made specifically for overstock.com and the company also sells merchandise of other retailers through its website. Overstock. com has 1,800 employees and had $1.745 billion in revenue in 2017.