Who Owns Overstock And Wayfair?

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Overstock.com, Inc. is an American internet retailer selling primarily furniture headquartered in Midvale, Utah, near Salt Lake City.

The company was founded by controversial businessman Patrick M. Byrne in 1999. Overstock.com initially sold exclusively surplus and returned merchandise on an online e-commerce marketplace, closing down the inventories of at least 18 failed dot-com companies at below-wholesale prices. The company continues to sell home decor, bedding, furniture, and many other goods that are closeout merchandise; nonetheless, it also sells new merchandise.

Wayfair Inc. is an American e-commerce company based in Boston, Massachusetts, United States, that sells furniture and home goods online. Formerly known as CSN Stores, Wayfair was founded in 2002, and currently offers 14 million items from more than 11,000 global suppliers.

The company has offices and warehouses throughout the United States and in Germany, Canada, Ireland, and the United Kingdom.

Wayfair operates five branded retail websites: the main Wayfair site, AllModern, Birch Lane, Joss and Main, and Perigold.

Who Owns Overstock And Wayfair?

Overstock.com, Inc. is a publicly-traded company. It went public on May 30, 2002, at an offering price of $13 per share.

Jonathan E. Johnson is the CEO of Overstock.

Wayfair Inc. is also a publicly traded company. On October 2, 2014, the company launched its initial public offering (IPO) of 11 million shares valued at $29 apiece and raised $308 million on that very day.

Niraj Shah is the co-chairman, president, and CEO of the company and Steve Conine is the co-chairman.

Source: Vimbuzz.com

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