Overstock.com CEO blames CNBC Staffers for Stock Price…
Silicon Alley Insider’s Michael Learmonth writes about Overstock.com’s CEO blaming CNBC for short sellers driving down his company’s stock price…
Talky Overstock.com (OSTK) CEO Patrick Byrne is still blaming short sellers for his company’s woes. The new twist: He’s now lashing out at CNBC journalists — while appearing on their rival Fox Business Network.
Said Byrne: “I happen to know for a fact there is a fax machine in the CNBC offices where every morning hedge funds send in the instructions. The journalists sit around and take their instructions.”
Fox anchor Liz Claman, a former CNBC employee, responded: “I used to work at CNBC and I never saw the fax machine.”
Byrne: “I have a good source on that.”