Overstock Shares Soar as Company Pivots From Retail to Crypto14.83

US-based internet retailer Overstock has seen a surge in its share price after the CEO announced plans to sell its retail-oriented business and to focus on previously acquired blockchain startups.

Overstock CEO Patrick Byrne told the Wall Street Journal that he intends to sell Overstock’s landmark retail business arm. According to the executive, the company will be focusing on its multiple blockchain-oriented startups.

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