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Wix.com Ltd. Notice of September 22, 2026 Application Deadline for Class Action Lawsuit - Contact Reed Kathrein at Hagens Berman Sobol Shapiro LLP Before Application Deadline
GlobeNewswire Inc.·
Wix.com faces a securities class action lawsuit following a 27% stock price drop in May 2026 after Q1 results revealed a 46% spike in operating expenses. The lawsuit alleges Wix made false statements about its AI initiatives (Base44 and Harmony), overstating their competitiveness and performance while understating associated costs. The company's non-GAAP operating margin collapsed from 21% to 5% due to front-loaded AI compute and marketing expenses. Investors who purchased Wix securities between February 19, 2025 and May 12, 2026 can file claims by the September 22, 2026 deadline.
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