Shares of Overstock popped as much as 17% after being halted for the news that CEO Patrick Byrne is resigning. The stock closed up 8.3% to $21.12.
it would appoint Jonathan Johnson, an Overstock board member and president of Overstock's blockchain subsidiary Medici Ventures, as interim CEO.
I think the blockchain revolution will reshape key social institutions. We have designed and breathed life into perhaps the most significant blockchainin the world, a network of blockchain firms seeking to revolutionize identity, land governance , central banking, capital markets, supply chains, and voting. In three of those fields the word "trillions" comes up when calculating the disruptive opportunity of blockchain.
Kamelia Aryfar is a data scientist and Machine Learning specialist of some renown: Dr. Aryfar originally cut her teeth at Etsy, and in her two years with us has led the Machine Learning overhaul of our company, . Dave Nielsen is one of the few OG retailers I ever met who made the prop-to-jet conversion. He is as able as they come and is widely admired within the firm. He has already been serving as President and has been a big part of our radical improvement in bottom line this year. He is a true adult.
As you know, I do think that the Gods of Economics believe some such hybridization of business models is to be done. That could take many forms, from cooperative partnerships with a brick-and-mortar, to an acquisition .
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