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==Background==

==Background==

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, the company filed its Initial Public Offering (IPO) under the ticker symbol OSTK with the Security and Exchange Commission. Overstock.com offered 3 million common shares at $13 per share and it was able to raise $39 million. <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 2000, Overstock.com acquired ToyTime.com Inc.,<ref>[http://www.overstock.com/wallstreet.html Overstock.com Feeds on Assets Of Distressed Web 'E-Tailers']</ref> Gear.com, a leading closeout online retailer of sporting goods, online jewelers Miadora.com, Jewelry.com.<ref>[http://www.deseretnews.com/article/787982/SL-based-Overstockcom-triples-inventory-through-acquisitions.html S.L.-based Overstock.com triples inventory through acquisitions]</ref>

 

In 2002, the company filed its Initial Public Offering (IPO) under the ticker symbol OSTK with the Security and Exchange Commission. Overstock.com offered 3 million common shares at $13 per share and it was able to raise $39 million. <ref>

[http://www.wrhambrecht.com/ind/auctions/openipo/ostk/ostk20020529.pdf overstock.com, Inc. Initial Public Offering]</ref>

[http://www.wrhambrecht.com/ind/auctions/openipo/ostk/ostk20020529.pdf overstock.com, Inc. Initial Public Offering]</ref>