'This year we saw the biggest number of drop offs from the technology industry. 52 people fell off the list from that sector.' RichardJChang1 joins dianebrady on Forbes Talks to discuss who fell off the ForbesBillionaires list.
Demand for sofas, beds and rugs from their online home goods retailer Wayfair has plummeted, sending shares–bid up 90% during the pandemic–down 75% since last year. In January, Shah and Conine announced Wayfair was cutting 10% of its workforce as part of a $1.4 billion cost-savings plan.
Online marketplaceThe bubble for NFTs sold on their OpenSea marketplace has burst. Sales of the non-fungible tokens–computer files used to track ownership of unique digital assets including art and music–have plummeted, dropping the value of OpenSea from $13.3 billion to an estimated $3.1 billion. In July 2022, OpenSea laid off 20% of its staff.
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