Overstock founder tried to squeeze short sellers, then sold out when the SEC cracked down

Therese Poletti
Overstock founder tried to squeeze short sellers, then sold out when the SEC cracked down

Patrick Byrne’s final parting shot as Overstock CEO led to a huge move by short sellers to cover the positions, and after Byrne, who stepped down last month, sold off his entire stake, many are questioning whether he manipulated the market.