Citron's Andrew Left Calls Wayfair the 'Anti-Amazon'

The video discusses the rationale for shorting Wayfair, comparing its performance to Amazon. It highlights Wayfair's challenges in scalability and profitability, despite its stock price increase. The speaker argues that Wayfair is the 'anti-Amazon' due to its inability to scale effectively. The video also explores market dynamics and potential future trends, emphasizing the importance of understanding unit economics and market corrections.

What was the initial reason for shorting Wayfair stock in April?

• The stock price was too high.

• The business fundamentals had improved.

• A report indicated the business had worsened.

• The company announced a merger.

How does the market's perception of Wayfair differ from its actual performance?

• Both stock price and earnings are declining.

• Both stock price and earnings are rising.

• The stock price is declining while earnings are increasing.

• The stock price is rising despite declining earnings.

Why is Wayfair considered the 'anti Amazon'?

• It has a larger market share than Amazon.

• It sacrifices profitability for growth.

• It focuses on offline sales.

• It has better customer service.

What is a key challenge Wayfair faces in scaling its business?

• High production costs.

• Consistently buying customers without profitability.

• Inability to compete with offline retailers.

• Lack of online presence.

What is the current short interest in Wayfair stock?

• Higher than the industry average.

• Unchanged from the previous year.

• At one of its lowest points in the past year.

• At its highest point in the past year.

What potential event could significantly impact Wayfair's stock price?

• A new product launch.

• An increase in offline sales.

• A market correction.

• A merger with Amazon.

What strategy does the speaker use regarding Wayfair stock?

• Buying more shares.

• Investing in offline competitors.

• Shorting the stock.

• Holding the current position.