Overstock's stock soars after controversial founder and CEO Patrick Byrne resigns
Shares of Overstock.com Inc.
soared 15% in midday trading Thursday, after controversial Founder and Chief Executive Patrick Byrne resigned from discount e-commerce site Thursday, effectively immediately, saying he was "far to controversial" to serve as CEO. The resignation comes after Byrne said last week that he had assisted in the Clinton and Russian investigations, and was actually the notorious missing "Chapter 1" of the Russian investigation.
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