Overstock.com (NASDAQ: OSTK) shareholder JAT Capital urges strategic review.

From the 13D filing:

On October 12, 2023, the Reporting Persons sent a letter to the Issuer’s Board that included operational recommendations for the Board to consider.Those recommendations included:1. Development of a business plan for the next 1/3/12/36 months, with financial objectives.2. Development of an IR/PR message that communicates the plan clearly, with action items and KPIs that illustrate success and/or failure. Near term guidance to be offered to establish financial guardrails and expectations for the investment community.3. Empowering of the investor relations personnel, as well as key Board Members, to communicate this message to Wall Street and engage on an ongoing basis to ensure expectations are aligned with likely outcomes.4. Overhaul of the management and Board compensation structure to reduce or eliminate cash compensation, and to emphasize stock option participation. CEO role to be offered a meaningful option package at strike prices meaningfully above current market price to align interests with shareholders.5. Marcus Lemonis to have his position elevated. Executive Chairman as a preferred option.6. Conduct an immediate strategic review of the Issuer’s non-core assets (most notably the Medici portfolio), including evaluation of a potential sale or spin-off of such assets.By way of amplification of the October 12 letter, and to supplement subsequent conversations that one of the Reporting Persons has had with representatives of the Issuer, recommendation number 6 above should include both the exploration of transactions that are permitted under existing agreements with Pelion Venture Partners ("Pelion"), and to seek consent from Pelion for transactions to the extent that Pelion's consent is required.The Reporting Persons may consider to seek Board representation to the extent the above recommendations have not been explored, pursued and executed satisfactorily.The Reporting Persons reserve the right to change their intention with respect to any and all matters referred to in Item 4 of this Schedule 13D.