Blockonomi

Wix (WIX) Stock Plummets 50% as Company Announces Massive 1,000-Employee Layoff

Wix (WIX) stock drops 50% YTD as company prepares to cut 1,000 jobs following Q1 loss of $57.5M and escalating Base44 AI platform expenses.
Globes

Wix plans 800-1,000 layoffs

Website development tools company Wix.com (Nasdaq: WIX) plans to lay off between 800 and 1,000 employees, in the largest ...
Nasdaq

Wix Further Expands into Vibe Coding with Acquisition of Base44, a Hyper-Growth Startup that Simplifies Web and App Creation with AI

Base44 delivers effortless, code-free digital creation through an intuitive, conversational AI experience, which is expected to expand Wix’s reach to new audiences worldwide The tech landscape is ...
Insider Monkey

Wix.com Acquires Base44 for $80 Million, Supports AI Portfolio and “Vibe Coding” Capabilities

Wix.com Ltd. (NASDAQ:WIX) is one of the best technology stocks according to Wall Street analysts. On June 18, Wix.com announced its acquisition of Base44. The acquisition aims to expand Wix’s AI ...
Hosted on MSN

Wix jumps on the vibe coding bandwagon with a new acquisition

Wix announced buying Base44 Base44 is a popular low code/no code platform powered by AI It will remain a separate entity Wix.com, one of the best website builders in the world, is jumping on the vibe ...

Wall Street cuts Wix ratings after a ’very challenging Q1 print’

Several Wall Street banks downgraded Wix.com on Wednesday after the website-builder delivered a disappointing first-quarter print that raised fresh concerns about the competitive threat from ...
Morningstar

Wix's Move Into Vibe Coding Is Going to Be Expensive

Wix.com offers a software-as-a-service content management system for building websites. The firm earns revenue by selling subscriptions to its platform, where users can easily build, host, and ...