Sometimes earnings do not influence the price of a stock.
Speaking of stock, Overstock is up 25% after announcing the Q2 earnings. The earnings were a disappointment with a loss for the quarter.
What sent the stock flying was the announcement of GSR Cpaital's interest in tZero, Overstock's blockchain subsidiary.
GSR agreed to over $300 million including purchasing $30 million in tZero tokens along with a $270 million for 18% equity in tZero.
This puts the value of that blockchain at $1.5 billion, more than Overstock itself is worth.
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