Prime Cut

Overstock.com initially was to be like a Big Lots of the internet. At some point, they decided they wanted to be an Amazon wannabe. They haven't handled their growth very well. They had a few missteps lately, and it has cost them in the pocket book. The ex-president's excuse "My bad." Wow, that's funny. I never heard an executive chalk a serious loss with a flipant response as "my bad."

The Register has the full scoop.