Wix faces securities class action after shares plunge 27% on 2026 results
AI Summary- Wix faces a securities class action over alleged misstatements about its AI initiatives.
- Wix’s non-GAAP selling and marketing expenses reached $190.7 million, up 88% year over year.
- Investors’ proposed class period runs from February 19, 2025, through May 12, 2026.