November 12, 2019, 6:52PM EST
• 3 min read

Overstock 3Q19 Review: Weak earnings and SEC subpoena sends shares tumbling 17%

Quick Take

  • Despite lowering guidance in September, Overstock’s 3Q19 results came in less than expected as sales fell 21% year-over-year
  • tZERO continues to disappoint as trade volumes remain low and milestones get dragged out
  • Quarterly filings reveal that the company received a subpoena from the SEC in regards to the company’s digital divdend
  • The company also quietly announces its plans for an ATM offering for up to $150 million worth of common stock

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here