An investigation on behalf of investors of Wayfair Inc. (NYSE: W) shares over potential securities laws violations by Wayfair Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Wayfair Inc. (NYSE: W) concerning whether a series of statements by Wayfair Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Boston, MA based Wayfair Inc. engages in the e-commerce business in the United States, Europe, and internationally. Wayfair Inc. reported that its annual Total Revenue rose from over $3.38 billion in 2016 to over $4.72 billion in 2017 and that its Net Loss increased from $194.37 million in 2016 to $244.61 million in 2017.

On November 1, 2018, Wayfair Inc. announced its third quarter 2018 financial results. The Company reported a $151.7 million net loss for the quarter under Generally Accepted Accounting Principles ('GAAP'), or $1.69 a share, compared with a GAAP loss of $76.4 million, or 88 cents a share, for the third quarter 2017.

Shares declined from $151.20 per share on September 14, 2018 to as low as $85.41 per share on November 15, 2018.