Thursday, November 30, 2006

More Overstock Auctions News!

It appears Overstock Auctions are falling apart at the seems. Two stories today from Ina Steiners Auctionbytes show a top Auctions exec Eileen Stout moving to and a statement from Overstock CEO Patrick Byrne.

Eileen is a great person and is lucky to have her on their team. I wish her the best of luck.

This is getting interesting. Let me know what you think. I'll pipe in with my thoughts shortly.


Frank Ross said...

Patrick Byrne is coming off as a complete nutcase. Earlier this year, it was the infamous 'Wall Street is a giant conspiracy' thing. Now this 'publicly humiliate the customer' does not look good at all. While I don't think dissing the Overstock employees is a great thing, public condemnation and naming names is worse. Much worse. Bad Patty! No more growth for you.

Randy Smythe said...

LOL - I agree Frank! I would guess Overstocks Auction platform is not long for this world. Sellers you be looking at their options right now.