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The company was founded as D2:Discounts Direct in May 5, 1997 by Robert Brazell. The company went bankrupt in 1999. Patrick M. Byrne and Jason Lindsey acquired the company and renamed it as Overstock.com. [6] The company initially sold exclusively surplus and returned merchandise on an online e-commerce marketplace, liquidating the inventories of at least 18 failed dot-com companies at below ...
Patrick Michael Byrne (born November 29, 1962) is an American businessman and conspiracy theorist. In 1999, Byrne launched Overstock.com after leading two smaller companies. Byrne led Overstock as chief executive officer for two decades, from 1999 to 2019. In 2002, Byrne took Overstock public using the Dutch auction method, which was then novel ...
15 Percent Pledge. The 15 Percent Pledge is a US-based non-profit organization that encourages retailers to pledge at least 15 percent of their shelf-space to Black -owned businesses. The foundation conducts audits, shares its database of Black-owned businesses, and offers business development strategies to participating companies.
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