Former Overstock CEO Patrick Byrne is prepping for ‘The Big One’
Former Overstock.com CEO Patrick Byrne has sold all of his stock in the company in order to avoid the reach of the so-called Deep State and to prepare for a potential crippling recession, he said in an open letter to employees of the company.
Byrne, who resigned after revealing he’d had an affair with convicted Russian agent Maria Butina, said he was concerned that the Deep State would try to punish him for unspecified potential future revelations by going after Overstock. Byrne sold the stock for about $90 million, MarketWatch reports.
“You think me controversial now, but you ain’t seen nothing yet,” Byrne wrote. “I know enough to fry the Deep State to ashes. The Deep State and the oligarchy are entwined, and they won’t die quietly.”
Additionally, Byrne wrote, he wanted to shift