E-commerce Stocks Plummet Despite Growth: $700 Billion Vanished in a Day

Shares of furniture e-commerce company Wayfair Inc. (NYSE: W) plunged 8.46% to close at $60.65 on the New York Stock Exchange on the 10th (local time). Trading volume was roughly 2.22 million shares, and the company’s market capitalization fell by about $525 million to approximately $6.73 billion (around KRW 9.4 trillion).

In its first-quarter 2026 results announced on April 30, Wayfair reported revenue of $2.931 billion (about KRW 4.1 trillion), up 7.4% year-over-year, and narrowed its net loss to $105 million (about KRW 147 billion). Despite the improvements, concerns remain over the company’s profitability and the broader macroeconomic environment.

Headquartered in Boston, Wayfair is an online specialist in furniture and home décor, offering tens of millions of home-furnishing products primarily across the U.S. and Europe.