Overstock.com’s CEO Patrick Byrne has been a champion of bitcoin since the digital currency came about. But now he’s really putting his (digital) money where his mouth is. On Monday, Byrne and his team became the first publicly traded company to issue stock over the internet using a subsidiary created by Byrne and his team powered by the bitcoin blockchain. Why is this such a big deal? Is trading about to change? What can we expect from Overstock?
Read The Capitalist’s Take Here
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PLATINUM PARTNERS’ EXECUTIVES CHARGED WITH $1 BILLION INVESTOR FRAUD
Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became “like a Ponzi scheme” as its largest investments lost much of their value..
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DISNEY BECOMES FIRST STUDIO TO GROSS $7 BILLION IN A SINGLE YEAR
Rogue One: A Star Wars Story has pushed Walt Disney Studios to rare planetary air: It’s the first studio to take in more than $7 billion at the box office globally. After the weekend’s box office grosses, including a $290 million global debut for Rogue One, Disney had hit $6.998 billion for the year — $2.7 billion in the U.S. and nearly $4.3 billion internationally, the studio said Monday..
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Closing Bell
– Monday, December 19th
Markets Edge Higher Led by Tech
Big Insider Trades
– Host Hotels & Resorts, Inc. (HST) CEO Edward Walter Sells $2.5m
-Achaogen, Inc. (AKAO) Stake Owner Peter Sonsini Buys $6.75m
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