Are you profitable? Byrne: Yes, that's real GAAP profit, not Amazon-bullshit-accounting profit.
In fact, it was neither. Overstock.com was then a private company, but it later revealed, when it filed for an IPO, that it had lost $13.8 million in 2001. With the latest financial restatements, it's been revealed that the company has never made an annual profit since its inception. And yet Byrne would rather blame a conspiracy of rogue traders for his company's woes.