Struggling tZero lays off staff as key executives take pay cuts
CEO Saum Noursalehi confirms tZero has “significantly reduced [their] expenses. [tZero’s] run-rate on cash burn is down almost 45% year-over-year.”
The Latest Overstock News
Overstock wants lawsuit dismissed
Overstock wants a Utah court to dismiss a lawsuit accusing them of making false claims as well as manipulating the price of $OSTK.
Overstock’s tZero secures $5M equity investment
The Hong Kong-based investor will present fresh opportunities to tZero for expansion in Asia and Pacific markets.
Overstock continues to face scrutiny over its failed tZero initiative
The U.S. SEC is investigating Overstock for several regulatory failures tied to its digital currency platform.
Overstock-backed Bankorus has ‘run out of cash’
The blockchain banking startup has run out money, even after raising $10M from investors. All its employees have left.
Overstock, ex-CEO accused of securities fraud in fresh complaint
Patrick Byrne, the former CEO of Overstock, is facing a class-action lawsuit that accuses him, as well as former CFO Greg Iverson, of securities fraud.
Overstock seeks blockchain stock registration with SEC
Overstock has filed for a stock registration with the U.S. Securities and Exchange Commission in connection with its blockchain-powered digital preferred stock.
Former Overstock CEO Patrick Byrne sells company shares to buy crypto
The company’s former CEO has offloaded his 13.6% stake in the company, the entire amount he had held, and is now going to go on a shopping spree.
Overstock eyes crypto dividend restructure after CEO exit
Online retailer Overstock has reportedly decided to restructure its planned cryptocurrency dividend plans, attributing the restructure to market feedback as well as to provide greater liquidity.
Absolutely, yes: Overstock to retain focus on crypto after CEO exit
Overstock wants to be clear that they will still be a leader in crypto despite Patrick Byrne’s departure.
Overstock CEO steps down; fate of tZero unknown
Patrick Byrne has resigned from the company over alleged ties to Russian operatives and an investigation into the 2016 presidential election.
Overstock’s tZero loses $400M investor amid revenue, profit slide
GSR Capital, which was set to buy $30 million in tZero tokens, will now exit the deal with just $5 million in tZero equity.