Overstock Names Jonathan Johnson as Company’s New CEO
The board of Overstock.com has appointed Jonathan Johnson as the company’s CEO. He had been serving as interim CEO since company founder Patrick Byrne stepped down last month.
While R3 CEV blockchain consortium attracts new members, Overstock.com’s CEO Patrick Byrne warns that the initiative can stifle innovation.
The board of Overstock.com has appointed Jonathan Johnson as the company’s CEO. He had been serving as interim CEO since company founder Patrick Byrne stepped down last month.
In recent news, Patrick Byrne, the long-time CEO of Overstock has announced in a letter to shareholders, that he is stepping down from his position. His position will be temporarily replaced by Jonathan Johnson.
Billionaire investor and venture capitalist Jim Breyer still believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements.
While R3 CEV blockchain consortium attracts new members, Overstock.com’s CEO Patrick Byrne warns that the initiative can stifle innovation.
The new platform tØ promises to change financial market by enabling instantaneous transactions.
Overstock works together with PRO Securities to present new blockchain-related technology.
Patrick Bryne, well-known bitcoin supporter, will start working for the presidential campaign of Senator Rand Paul.
Major online retailer Overstock is planning to issue new kind of securities that will be developed with the use of technology behind cryptocurrencies.
Overstock.com plans to develop cryptosecurities stock exchange that will allow retailers to issue their corporate stock over the internet.