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Portnoy Law Firm Announces Class Action on Behalf of Wix.com, Ltd. Investors
GlobeNewswire Inc.·
A class action lawsuit has been filed against Wix.com on behalf of investors who purchased securities between February 19, 2025 and May 12, 2026. The lawsuit alleges that Wix made false statements about its AI product offerings, overstating their competitiveness and performance while understating development costs. Multiple stock price declines followed disappointing earnings reports and analyst downgrades, with the stock falling over 27% on May 13, 2026 when Wix disclosed weak Q1 2026 results and acknowledged competitive challenges in its professional developer business.
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