(CNBC) — Overstock shares plummeted more than 22% on Wednesday, marking their third consecutive day of losses since CEO Patrick Byrne made controversial comments about his role in the “Deep State.”
Byrne released a statement Monday responding to claims in a blog post of his involvement in the federal government’s investigation into the 2016 election. In it, he referred to federal agents as “the Men in Black” and said he assisted in investigations related to the Clintons and Russian interference.
Overstock has plunged about 36% in the three trading days since Byrne’s comments. The e-commerce company is now worth less than $600 million.