Overstock.com

Overstock.com, Inc. is an American Internet retailer headquartered in Midvale. Utah. The original company was founded in 1997 by Robert Brazell as "D2" (Discounts Direct) but renamed Overstock.com when it was acquired by Patrick M Byrne. The company initially sold exclusively surplus and returned merchandise and liquidated assets. It continues to sell home decor, furniture, bedding, and many other goods that are closeout goods however, it also sells new merchandise. Overstock became a public company in May 2002. It reported its first billion-dollar year in 2010. Overstock.com, Inc. is an American internet retailer headquartered in Midvale, Utah,[1] near Salt Lake City.[2] Overstock.com was originally founded in 1997 by Robert Brazell as D2: Discounts Direct. Two years later, it was sold to Patrick M. Byrne who renamed it Overstock.com. The company initially sold exclusively surplus and returned merchandise on an online e-commerce marketplace, liquidating the inventories of at least 18 failed dot-com companies at below-wholesale prices.[3] The company continues to sell home decor, furniture, bedding, and many other goods that are closeout merchandise;[4] however, it also sells new merchandise.[5] In May 2002, Overstock held an IPO at a per-share price of $13, and after achieving significant growth and profits in some early quarters, achieved a profit of $7.7 million in 2009[6] and reported its first billion-dollar year in 2010. In January 2014 Overstock became the first major retailer [of legal goods] to accept bitcoin a payment for its goods.