{"id":627,"date":"2007-04-25T23:28:13","date_gmt":"2007-04-26T04:28:13","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/2007\/04\/25\/overstockcom-executives-saying-materially-misleading-things\/"},"modified":"2007-04-26T00:18:46","modified_gmt":"2007-04-26T05:18:46","slug":"overstockcom-executives-saying-materially-misleading-things","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/overstockcom-executives-saying-materially-misleading-things\/","title":{"rendered":"Overstock.com executives saying “materially misleading” things?"},"content":{"rendered":"

I was cruising cyber-space, seeing what others had to say about today’s earnings call for Overstock.com<\/a>. I made my feelings clear about the use of the word “improvement.” Overstock’s numbers are terrible, and when compared to last year, no one in their right mind thinks that’s “improvement.”<\/p>\n

Investigative reporter Gary Weiss<\/a> suggested a potentially appropriate phrase for the use of such a word: materially misleading<\/a>. Indeed, Gary also points out what pansies the analysts were on today’s call, not asking anything remotely tough.<\/p>\n

So what’s so misleading? Patrick Byrne, CEO of Overstock, keeps using incorrect words for their performance. He even issued a press release<\/a> saying “Our business is dramatically improving.”<\/p>\n

The problem with statements such as this? Gary points out that there are people out there who might actually believe them. That’s a big problem.<\/p>\n

I’ve suggested that Patrick and company get themselves a good dictionary so they don’t erroneously refer to putrid results as an “improvement” in the future. I know where they can get one<\/a> . <\/p>\n","protected":false},"excerpt":{"rendered":"

I was cruising cyber-space, seeing what others had to say about today’s earnings call for Overstock.com. I made my feelings clear about the use of the word “improvement.” Overstock’s numbers are terrible, and when compared to last year, no one […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-627","post","type-post","status-publish","format-standard","hentry","category-fraud-news-stories"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-a7","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=627"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/627\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}