Free Republic

Overstock CEO Partick Byrne resigned from the e-commerce company Thursday after making controversial comments about his role in the “deep state.” Shares of Overstock popped as much as 17% after being halted for the news. Shares were up about 9% in the afternoon. “In July I came forward to a small set of journalists regarding my involvement in certain government matters. Doing so was not my first choice, but I was reminded of the damage done to our nation for three years and felt my duty as a citizen precluded me from staying silent any longer,” Byrne said in a...

Shares for the internet retailer Overstock have plunged more than 30 percent this week after its CEO issued a statement saying that he assisted efforts to investigate Russian interference in the 2016 election. The e-commerce company's stock has fell by 36 percent since Monday, a figure that represents its biggest two-day hit in 11 years, Bloomberg News reported. The significant slide began after CEO Patrick Bryne came out with a statement about what he referred to as the "deep state." "Starting in 2015 I (operating under the belief that I was helping legitimate law enforcement efforts) assisted in what are...