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The Wall Street Journal
Wayfair Stock Set for Worst Day on Record
Online furniture retailer Wayfair is having a rough day. The stock was down 27% Thursday afternoon, its worst one-day performance on record. The drop comes after the company said it [lost 5 million customers](https://www.wsj.com/articles/wayfair-lost-5-million-customers-and-1-3-billion-last-year-83b5bdd4?mod=hp_minor_pos14) in 2022, while posting an annual net loss of $1.3 billion. The pandemic led to a surge in demand for online furniture sales, which fueled boom times for Wayfair shareholders.
