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Behind the plunge: Wix’s old playbook is unraveling before its eyes
The Israeli website-building company missed first-quarter forecasts as investors question whether new AI tools and Base44 can offset pressure on its core business and whether it can move fast enough as AI threatens its core business model
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ynetnews.com
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WIX stock plunges 30% on Wall Street after Q1 results miss expectations
Weak revenue reports and a move to negative operating profitability are sending the Israeli company's stock down; Dow Jones falls slightly, S&P 500 is stable and Nasdaq rises 0.3%
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Behind the plunge: Wix’s old playbook is unraveling before its eyes
The Israeli website-building company missed first-quarter forecasts as investors question whether new AI tools and Base44 can offset pressure on its core business and whether it…