There are rumors going around accusing Wayfair (W) for human trafficking. Wayfair has categorically denied conspiracy theories that the company was allegedly using storage cabinets as a cover to traffick children.
“There is, of course, no truth to these claims,” Wayfair said in a statement to Mashable. “The products in question are industrial grade cabinets that are accurately priced.”
The theory appears to have emerged first on Reddit ‘s r / conspiracy subreddit, reports the New York Post. In support of the allegations, the Reddit article included two items of potential evidence, stating that the furniture was priced at a high price and that each item was labeled with the name of a individual.
The cabinets — called Alyvia, Neriah, Samiyah, and Yaritza — cost anywhere between $12,699.99 to $14,499.99, the subreddit states. “Is it possible for Wayfair to be involved with their WFX Utility collection in human trafficking? “The user allegedly read the original post PrincessPeach1987, with other users stating that” any names are missing ones.
Wayfair (W) responds to conspiracy
An wild conspiracy theory alleging the website of furniture retailer Wayfair played a role in an underground network of human slavery in children was going viral late Friday.
The speculation began when a Reddit user posted to the r / conspiracy forum wondering if it was a sign that some of the priciest cabinet models from Wayfair carried the names of missing children. Others picked up the post and propagated the notion so widely that Mashable was replied by the company: “There is little merit to such statements, of course. The items in question are specifically designed industrial-grade cabinets.” Wayfair has since pulled the cabinets at issue from their website suggesting that the rumors are true.
Is Wayfair (W) a reliable investment?
Shares of Wayfair (W) appear to be a very bad investment option, the Money Midnight Indicator is expecting its price to decrease considerably in the next several months. The majority of the metrics point to this investment being highly unattractive.
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