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Was the Q4 2022 Earnings Report the Beginning of the End for Wayfair Stock?

Was the Q4 2022 Earnings Report the Beginning of the End for Wayfair Stock?

Wayfair (NYSE: W) stock plummeted 23% the day after the company released its Q4 and full-year results for 2022. Its dramatic drop in earnings prompted investors to dump shares of the Boston-based furniture and home goods retailer. The question for investors is whether Wayfair is worth a speculative buy or a company they need to avoid.