According to a regulatory filing, Morgan Stanley has bought 11.4% of Overstock.com. This is news, as it wasn’t that long ago that Overstock was suing prime brokers including Morgan Stanley over naked short selling. The purchase is coming just before Overstock’s subsidiary tZero launches a distributed ledger (blockchain) trading platform for coins used in Internet Coin Offerings (ICO), and releases its own ICO. These are interesting times.
This content requires free registration (unlocked content) or a Finadium subscription. Log in or get access today by signing up here.
