Check out the screenshot below.The tweet led people to believe that Wayfair’s CEO has resigned from the job.We can safely assume that the CEO has not resigned as of yet because earlier yesterday, a spokeswoman of Wayfair, Frechette, denied the allegations of the company’s involvement in human trafficking racket.

Quartz at Work reporter. Read more about our work to fact-check social media posts “Breaking: Wayfair CEO to ‘step down’ amid allegations the company is involved in child trafficking,” reads the post.But Shah has not stepped down from his position as the company’s chief executive officer. He kickstarted the business back in 2002 with an acquaintance Steve Conine.Wayfair currently sells 10 million products annually. Shah grew up in Pittsfield, Massachusetts, the son of immigrants from India. Early life. It’s not a coincidence! Such a heavy thing to claim false when just as you have said hasn’t been investigated by officials. Before Wayfair, he co-founded Spinners – an integrated technology and design service company. One person on Twitter went so far as to say the CEO had been charged with illegal child trafficking, but offers no proof that the CEO had been charged.Many of the rumors circulating on Facebook posts cite Shah's charity organization, the Shah Family Foundation. She sent an email to Newsweek.com, and she did not add any information about Wayfair’s CEO resigning from the job.Frechette said, “Recognizing that the photos and descriptions provided by the supplier did not adequately explain the high price point, we have temporarily removed the products from the site to rename them and to provide a more in-depth description and photos that accurately depict the product to clarify the price point.”According to users, the removal of products amid the controversy raises more suspicion.We will encourage you to wait for an official confirmation and till then do not trust the false news spreading online in the wake of a conspiracy theory. Away CEO Steph Korey is stepping down amid criticism of the ruthless internal culture at the luggage startup she co-founded. According to the organization's website, it "supports innovative and transformative work in education, healthcare and the community."

Wayfair’s CEO runs a children’s foundation while furnishing migrant camps.

Currently, he is the CEO and co-founder (alongside Steve Conine) of Wayfair, the world’s largest online retailer of houseware, furniture, and other home improvement goods in the United States. Following accusations of sex trafficking in a viral online conspiracy theory, false rumors have been circulating on social media that Wayfair CEO Niraj Shah stepped down following the conspiracy.Since the conspiracy widely spread last week, numerous people on social media have made posts claiming that Shah was stepping down from his position with the furniture seller. Is Ghislaine Maxwell related to Wayfair Child Trafficking, Bill Hutcherson and Jeffrey Epstein? Or are these just extremely overpriced cabinets? Numerous people on Facebook and Twitter posted that Wayfair CEO Niraj Shah stepped down after rumors about sex trafficking made waves on the internet, but the rumors are false. Hannah Jul 12, 2020 At 6:20 am. Sign-up to our daily newsletter for more articles like this + access to 5 extra articlesSee why nearly a quarter of a million subscribers begin their day with the Starting 5.False Rumors Say Wayfair CEO Stepped Down After Sex Trafficking Conspiracy | CultureNiraj Shah, chief executive officer of Wayfair, attends the annual Allen & Company Sun Valley Conference, July 10, 2019 in Sun Valley, Idaho. The posts also cite Shah's former position as a member of the Federal Reserve Bank of Boston's board of directors in 2017 as another speaking point in the posts.The typical Facebook post regarding the rumor that Shah has stepped down, cite the child trafficking conspiracy, and then inexplicably mention the charity and Federal Reserve connections. ADVERTISEMENT “Breaking News: Wayfair’s CEO just stepped down amid child trafficking allegations,” wrote one Facebook user, in a post that racked up more than 250,000 views in two … But Shah has not stepped down from his position as the company’s chief executive officer. Interviews featuring Shah are visible here and here . Wayfair, an e-commerce giant that sells home goods, is reportedly fulfilling an order for $200,000 worth of bedroom furniture to a government contractor managing the border camps. This particular Facebook post claims Wayfair CEO Niraj Shah has resigned over the allegations. Is it real or just a hoax?

A spokesperson for Wayfair told Reuters via email that Shah had not stepped down from his role in the company, calling the rumor “completely false”. THE FACTS: On Monday, false posts circulating on social media alleged that Shah, the CEO and co-founder of the online furniture retailer Wayfair, had left the company.

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