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Shah was a director of the Federal Reserve Bank of Boston from 2017 to 2019. [2] [6] In May 2017, Wayfair's share price rose above $70 per share, making Shah and his co-founder Steve Conine both billionaires. As of April 2022, his estimated net worth was $1.6 billion. [7]
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Wayfair Inc. is an American e-commerce company based in Boston, Massachusetts [6] that sells furniture and home goods online. Formerly known as CSN Stores, it was founded in 2002, and currently offers 14 million items from more than 11,000 global suppliers. [ 3 ]
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Conine co-founded Wayfair in 2002, and is the co-chairman of the board. [5] In May 2017, Wayfair's share price rose above $70 per share, making Conine and his co-founder Niraj Shah both billionaires. As of 2019, each had an estimated net worth of $2.3 billion. [6]
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Wayfair employs approximately 15,000 employees as of December 2022. The company saw a significant uptick in business during the pandemic when many found themselves suddenly working remotely and in ...
CEO Niraj Shah said Wayfair's aim is to maximize the company's free cash flow and potentially reduce its total share count. Retailer Wayfair jumps on job cut plans, upbeat 2024 core profit ...