Securities Fraud Investigation Into Wix.com Ltd. (WIX) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm

Securities Fraud Investigation Into Wix.com Ltd. (WIX) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law FirmGlancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Wix.com Ltd. (“Wix” or the “Company”) (NASDAQ: WIX) investors concerning the Company’s possible violations of the federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON WIX.COM LTD. (WIX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.What Happened?On May 13, 2026, Wix released its first quarter 2026 financial results, including earnings per share of $0.68, a 56% decline year over year, and an operating margin of only 5%, compared to 21% in the prior year.In the accompanying earnings call, the Company’s Chief Financial Officer, Lior Shemesh,stated margin results were “driven by elevated investments in Base44” the Company’s AI tool, and the Company “continue[s] to incur elevated AI compute costs as we scale to meet stronger-than-expected Base44 demand and maximize gross profit dollars.” The Company’s Co-Founder and President, Nir Zohar, also acknowledged Wix’s other AI tool, Wix Harmony, was experiencing customers “pointing out to us specific holes, if you may, or missing capabilities.”On this news, Wix’s stock price fell $20.56, or 27.1%, to close at $55.32 per share on May 13, 2026, thereby injuring investors.Then, on June 8, 2026, Wix unveiled a sweeping organizational restructuring that includes a 20% workforce reduction and slashing financial expectations for 2026.The Company said that organizational changes are expected to reduce bookings by about $50 million and revenue by around $25 million. Wix now expects full-year bookings to grow in the low-teens percentage rate, down from previous expectations of midteens percentage growth. Full-year and second-quarter revenue growth were also downgraded to low- to midteens percentage growth from midteens.On this news, Wix’s stock price fell $4.18, or 7.98%, to close at $48.21 per share on June 8, 2026, thereby injuring investors further.Contact Us To Participate or Learn More:If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.Charles Linehan, Esq.,Glancy Prongay Wolke & Rotter LLP,1925 Century Park East, Suite 2100,Los Angeles California 90067Email: shareholders@glancylaw.comTelephone: 310-201-9150 (Toll-Free: 888-773-9224)Visit our website at www.glancylaw.com.Follow us for updates on LinkedIn, Twitter, or Facebook.Whistleblower NoticePersons with non-public information regarding Wix should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.About Glancy Prongay Wolke & Rotter LLPGPWR is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Recognizing the firm’s recent successes, GPWR was named one of Law360’s Securities Groups of the Year and ranked second-highest in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. Prior results do not guarantee a similar outcome.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Glancy Prongay Wolke & Rotter LLP,1925 Century Park East, Suite 2100,Los Angeles, CA 90067Charles LinehanEmail: shareholders@glancylaw.comTelephone: 310-201-9150Toll-Free: 888-773-9224Visit our website at: www.glancylaw.com.View source version on businesswire.com: https://www.businesswire.com/news/home/20260609425299/en/

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