Founded nearly 18 years ago, Wayfair has never made a profit. Although sales have risen as more people become comfortable buying sofas and rugs online, the company spends much of its revenue on shipping, advertising and other costs. In 2019, Wayfair lost $725 million on revenue of $9.1 billion.
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February 5, 2020
Houston Has Lost Thousands Of Jobs During The Pandemic. So Why Are Houstonians Buying More Homes Than Ever? – Houston Public Media
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