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| ===Effect of O.co=== | | ===Effect of O.co=== |
− | On March 2012, during the company's 4th quarter conference call with analysts, Patrick Byrne said that the company lost 61% of its traffic since he decided to re-brand the company's website to O.co. According to him, 8 out of 13 internet users who are trying to visit the company website are typing O.com instead of O.co. Byrne said that O.co was a bad decision on his part.<ref>
| + | In March 2012, during the company's 4th quarter conference call with analysts, CEO Patrick Byrne said that 8 out of 13 internet users who tried to visit O.co typed O.com instead. Byrne said that O.co was a bad decision on his part.<ref> |
− | [http://domainincite.com/o-co-loses-61-of-its-traffic-to-o-com/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DomainIncite+%28DomainIncite.com%29 Overstock.com’s decision to rebrand itself O.co had a disastrous effect on the internet retailer’s traffic, according to its CEO]</ref> The company's total revenue in 2011 was down by more than 3% compared in 2010. | + | [http://domainincite.com/o-co-loses-61-of-its-traffic-to-o-com/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DomainIncite+%28DomainIncite.com%29 Overstock.com’s decision to rebrand itself O.co had a disastrous effect on the internet retailer’s traffic, according to its CEO]</ref> The company's total revenue in 2011 was down by more than 3% compared in 2010, |
− | <ref>[http://investing.businessweek.com/research/stocks/earnings/earnings.asp?ticker=OSTK:US Overstock.Com Inc (OSTK:NASDAQ GM)]</ref> | + | <ref>[http://investing.businessweek.com/research/stocks/earnings/earnings.asp?ticker=OSTK:US Overstock.Com Inc (OSTK:NASDAQ GM)]</ref> and that fourth quarter revenue was down 10%.<ref> |
| + | [http://domainincite.com/o-co-loses-61-of-its-traffic-to-o-com/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DomainIncite+%28DomainIncite.com%29 Overstock.com’s decision to rebrand itself O.co had a disastrous effect on the internet retailer’s traffic, according to its CEO]</ref> |
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| ==Company Growth== | | ==Company Growth== |