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 Bid4Assets.com and a statement from Overstock CEO Patrick Byrne.

Eileen is a great person and Bid4Assets.com 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.

2 comments:

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.