[2014-07-18] Dell Computers now accepting Bitcoin!!

[Swordsoffreedom]

Oh that's a convenient chart when I thought Overstock was big .... (realizes its only been a few weeks)
Hot damn I'm sensing some super correction incoming lol.

I wouldn't take Overstock lightly. It is true that they are struggling, as giants such as Amazon and Ebay are making life extremely hard for them. I have my respect for them. They were one of the first online retailers to accept Bitcoin. They set the precedent, which other companies such as Expedia, Dell, Tigerdirect.etc simply followed.   

True enough it takes a good leader to push a company in a new direction, its easy to be a follower behind someone else though.
Overstock is still a good service and has my respect the problem they face is the international shipping costs they have if they could address that their market could grow significantly.

[1714177792]

1714177792

[bryant.coleman]

I was actually amazed at how small Overstock's share was, in comparison to Dell.

Market capitalization doesn't mean anything. Overstocks's profit margin is very low, and that is why the share price is lower. The market capitalization is much lower than what the annual revenues indicate. On the other hand, Dell is still making a lot of profit. So the equity price is inflated disproportionately to its annual revenue.

[Mr Tea]

This really is fantastic news. I like some of the others had no idea how big a company Dell was. I can really see them getting a lot of business in bitcoin use and I hope more large companies take note. They have nothing to lose really.