{"id":17791,"date":"2026-06-09T01:54:00","date_gmt":"2026-06-08T23:54:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=8ec7982ebe9ff248be426614fcbf72a4"},"modified":"2026-06-09T01:54:00","modified_gmt":"2026-06-08T23:54:00","slug":"securities-fraud-investigation-into-wix-com-ltd-wix-continues-shareholders-who-lost-money-urged-to-contact-the-law-offices-of-frank-r-cruz","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=17791","title":{"rendered":"Securities Fraud Investigation Into Wix.com Ltd. (WIX) Continues \u2013 Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz"},"content":{"rendered":"

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz<\/a> continues its investigation of Wix.com Ltd. (\u201cWix\u201d or the \u201cCompany\u201d) (NASDAQ: WIX<\/a>) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.<\/p><\/a><\/a>

\nIF YOU ARE AN INVESTOR WHO LOST MONEY ON WIX.COM LTD. (WIX), CLICK <\/b>HERE<\/b><\/a> TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.<\/b><\/p>

\nWhat Is The Investigation About?<\/b><\/p>

\nOn May 13, 2026, Wix released its first quarter 2026 financial results, including earnings per share of $0.68, a 56% decline year over year<\/b><\/i>, and an operating margin of only 5%, compared to 21% in the prior year.<\/b><\/i><\/p>

\nIn the accompanying earnings call, the Company\u2019s Chief Financial Officer, Lior Shemesh, <\/b>stated margin results were \u201cdriven by elevated investments in Base44\u201d the Company\u2019s AI tool, and the Company \u201ccontinue[s] to incur elevated AI compute costs<\/b><\/i> as we scale to meet stronger-than-expected Base44 demand and maximize gross profit dollars.\u201d The Company\u2019s Co-Founder and President, Nir Zohar, also acknowledged Wix\u2019s other AI tool, Wix Harmony, was experiencing customers \u201cpointing out to us specific holes,<\/b><\/i> if you may, or missing capabilities<\/b><\/i>.\u201d<\/p>

\nOn this news, Wix\u2019s stock price fell $20.56, or 27.1%, to close at $55.32 per share on May 13, 2026, thereby injuring investors.<\/p>

\nThen, on June 8, 2026, Wix unveiled a sweeping organizational restructuring that includes a 20% workforce reduction and slashing financial expectations for 2026.<\/p>

\nThe Company said that organizational changes are expected to reduce bookings by about $50 million and revenue by around $25 million.<\/b><\/i> 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.<\/p>

\nOn this news, Wix\u2019s stock price fell as much as 7% during intraday trading on June 8, 2026, thereby injuring investors further.<\/p>

\nContact Us To Participate or Learn More:<\/b><\/p>

\nIf you purchased Wix securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:<\/p>

\nThe Law Offices of Frank R. Cruz,\n2121 Avenue of the Stars, Suite 800,\nCentury City, California 90067\u00a0\nCall us at: 310-914-5007\nEmail us at: info@frankcruzlaw.com<\/a>Visit our website at: www.frankcruzlaw.com<\/a>.\u00a0\nFollow us for updates on Twitter at twitter.com\/FRC_LAW<\/a>.<\/p>

\nIf you inquire by email, please include your mailing address, telephone number, and number of shares purchased.<\/p>

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p> Contacts<\/b>

\nThe Law Offices of Frank R. Cruz, Los Angeles\nFrank R. Cruz\n310-914-5007\nfcruz@frankcruzlaw.com<\/a>www.frankcruzlaw.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz continues its investigation of Wix.com Ltd. (\u201cWix\u201d or the \u201cCompany\u201d) (NASDAQ: WIX) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.
\nIF YOU ARE…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17791","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/17791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17791"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/17791\/revisions"}],"predecessor-version":[{"id":17792,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/17791\/revisions\/17792"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}