Overstock surges 26% after CEO says it will sell retail business by February to focus on crypto

Overstock plans to sell its decades-old retail business in the next few months to make way for a full-blown bet on blockchain. The previously announced sale plans could go through as soon as February, the company's CEO told The Wall Street Journal in a report published Friday. Overstock founder and CEO Patrick Byrne — an ardent believer in the technology that underpins bitcoin and other cryptocurrencies — declined to name any of the potential buyers.
Read more: https://www.cnbc.com/2018/11/23/overstock-to-sell-retail-business-and-reportedly-go-all-in-on-crypto-by-february.html?source=Snapzu