Copy link
Increase text size
Decrease text size
Link copied

Overstock names Jonathan Johnson as new CEO, pledges to continue its blockchain businesses

Image Credit: Chamber of Digital Commerce YouTube

Tue, 24 Sep 2019, 04:43 am UTC

Online retail giant Overstock has named Jonathan Johnson as its new chief executive officer.

As per the official announcement, Johnson had been appointed by its board after serving as an interim CEO since Aug. 22, when former CEO Patrick Byrne stepped down from his position after admitting to helping carry out political espionage and having a relationship with Russian spy Maria Butina.

Currently, Johnson also acts as the company’s member of the board of directors, president of Overstock’s venture capital arm Medici Ventures, and chairman of the board of its blockchain arm tZERO Group.

Overstock has two unique businesses… I have run both, and I know how to unlock the value in each. I’m confident we can rapidly return our retail business to profitable growth. Our transformative blockchain businesses continue to lead their respective industries by getting real products into production.”

Aside from the official welcome, Overstock also announced that it has appointed former principal financial officer Robert Hughes as an acting chief financial officer. He replaced Greg Iverson.

In addition, the news also provided retail guidance, saying Overstock has set out several market factors that it expects to affect profitability. However, it reassured that “in spite of these recent headwinds, we’re confident in our retail strategy.”

The press release follows after Byrne dumped all his equity holdings, worth nearly $100 million, in the company over the past week, with plans of reinvesting the money to cryptocurrency and precious metals. He blamed the Securities and Exchange Commission – the Deep State’s pets – for the selloff, saying the move was a way to protect Overstock from regulators who are trying to break the company “as a way of crippling me.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.07.20 13:45:00
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more info....contact me on whatsapp :+12067425358 happy new year to you all .
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $37,655.00 (-4.68%)
  • Ethereum (eth) $2,320.78 (-5.19%)
  • Tether (usdt) $1.00 (+0.07%)
  • Binance Coin (bnb) $352.13 (-2.44%)
  • Cardano (ada) $1.48 (-3.83%)
  • Bitcoin (btc) $37,655.00 (-4.68%)
Jun 18, 2021 (Friday)
06:51
CRYPTOBANK’s CBANK Token To Be Listed On Hoo.com
02:30
Crypto Market Sentiment On Jun 18: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $553.46 Mln In Past 10 Hours
Jun 17, 2021 (Thursday)
20:12
BTC Surges by 1.05% Within 5 Mins, Marking 37,733.19 USDT
17:21
BTC Drops by 1.16% Within 5 Mins, Marking 37,834.09 USDT
09:41
TriumphX Publishes NFT In Partnership With Artist HANJUNGSUN
02:30
Crypto Market Sentiment On Jun 17: Market In "Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $233.17 Mln In Past 10 Hours
Jun 16, 2021 (Wednesday)
20:15
BTC Surges by 1.05% Within 5 Mins, Marking 38,856.33 USDT
18:01
BTC Drops by 1.21% Within 5 Mins, Marking 38,668.43 USDT
16:01
BTC Surges by 1.01% Within 5 Mins, Marking 38,805.42 USDT
13:25
BTC Surges by 1.03% Within 5 Mins, Marking 39,420.3 USDT
11:08
BTC Drops by 1.09% Within 5 Mins, Marking 39,300.01 USDT
07:53
NFTMart Inks An Agreement With FM Gallery
04:36
BTC Surges by 1.01% Within 5 Mins, Marking 40,330.4 USDT
03:35
TriumphX Dismantles Game Business Department Due To Stricter Regulations Of Game NFT Government
02:55
DeFi Options Protocol Asteria Reaches A Strategic Partnership With Crypto Investment Platform For Financial Institutions Diversifi
02:00
BTC Tops List Of Crypto Net Inflow With $111.76 Mln In Past 10 Hours
Jun 15, 2021 (Tuesday)
20:04
BTC Drops by 1.07% Within 5 Mins, Marking 39,539.91 USDT
19:26
BTC Drops by 1.57% Within 5 Mins, Marking 39,913.74 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft