In a way, you have to admire Overstock.com (NASDAQ: OSTK) CEO Patrick Byrne. At the very least, he's a guy who's never let his lack of accomplishment interfere with his ego.
In a rambling press release issued last night, Byrne commented on Gradient Analytics' counterclaim filed against his company. I swear I'm not making this up:
"This lawsuit is an attempt by Gradient to distract attention from their failing business model."
The CEO of a company that has a track record of missing its own projections -- and has lost over $240 million to date selling knick-knacks over the internet -- has filed a lawsuit against a research firm that correctly forecast the company's problems and is accusing that firm of trying to "distract attention from their failing business model."
That's like Donald Trump telling someone they need a new haircut.
In a rambling press release issued last night, Byrne commented on Gradient Analytics' counterclaim filed against his company. I swear I'm not making this up:
"This lawsuit is an attempt by Gradient to distract attention from their failing business model."
The CEO of a company that has a track record of missing its own projections -- and has lost over $240 million to date selling knick-knacks over the internet -- has filed a lawsuit against a research firm that correctly forecast the company's problems and is accusing that firm of trying to "distract attention from their failing business model."
That's like Donald Trump telling someone they need a new haircut.
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