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==Background==

==Background==

In 1997, Dr. Patrick M. Byrne founded Overstock.com based in Salt Lake City, Utah. He launched the company website in 1999 to sell excess inventory merchandise. The company started selling less 100 products online. Byrne established Overstock.com under the principles of value,investing and fair dealing.<ref>[http://www.overstock.com/about?TID=FOOT:CI:ABOUT Company History]</ref> In 1999, the company recorded $1,089,873,000 in total revenue.<ref>[http://www.overstock.com/about Corporation Information Quick Statistics]</ref>

Overstock.com was originally founded by Robert Brazell as D2: Discounts Direct, a limited liability corporation in 1997. D2:Discounts Direct  failed and it was acquired Dr. Patrick M. Byrne.<ref>[http://www.yiliaobk.com/information-about-overstock-coupon-code.htm Information about Overstock coupon code]</ref> In 1999, Byrne launched the company website under its new name, Overstock.com selling excess inventory merchandise with less than 100 products. Byrne established Overstock.com under the principles of value,investing and fair dealing.<ref>[http://www.overstock.com/about?TID=FOOT:CI:ABOUT Company History]</ref> In 1999, the company recorded $1,089,873,000 in total revenue.<ref>[http://www.overstock.com/about Corporation Information Quick Statistics]</ref> In 2002, filed its Initial Public Offering (IPO) with the Security and Exchange Commission of 3 million common shares at $13 per share to raise $37 million. <ref>[http://www.internetnews.com/fina-news/article.php/985831/Etailer+Overstockcom+Files+for+IPO.htm E-tailer Overstock.com Files for IPO]</ref>

==Objective==

==Objective==