Overstock.com (OSTK) Drops Internet Affiliate Advertisers in California, Hawaii, North Carolina and Rhode Island
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Overstock.com, Inc. (Nasdaq: OSTK) sent notices to all of its affiliate advertisers in California, Hawaii, North Carolina and Rhode Island that it is dropping their services owing to eminent passage of laws requiring internet retailers to collect taxes if they have local affiliate advertisers.
In May 2008, Overstock.com ended its relationship with over 3,400 of its New York advertising affiliates and sued the state when New York enacted the first of these anti-internet advertising laws. The suit is still pending along with a sister suit brought by Amazon.com (Nasdaq: AMZN).
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