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Why Overstock.com, Inc. (OSTK) Stock Is Falling Today

Overstock.com, Inc. (OSTK) stock is dropping today.

Overstock.com, Inc.The company announced plans to release a video streaming service to rival Amazon (AMZN) and other paid services. VOD service is slated for a mid-2015 release.

Overstock’s service will be available to members of the company’s loyalty program. VOD will initially include about 30,000 titles for rent or purchase.

Bitcoin was recently offered as a payment option to Overstock employees. The website has been accepting Bitcoin as payment since Jan. 2014.

OSTK stock is down 3.6% Wednesday afternoon.

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Article printed from InvestorPlace Media, https://investorplace.com/2015/01/overstock-com-inc-ostk-stock/.

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