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WIX

8 stories about WIX

“I'd like Wix to become a $100 billion company”
07.10.24|Diana Bahur-NirNir Zohar, President of Wix, which is traded at a valuation of over $8.5 billion, is optimistic the company is well-positioned to increase its profitability. He takes pride in its Israeli identity, is unafraid to express a clear stance on the fight for democracy, and has an optimistic outlook even after the events of October 7.
Wix launches Wix Capital Accelerator to support early-stage Israeli startups
12.02.24|James SpiroThe program is designed for pre-Seed and Seed-stage startups operating in core strategic fields relevant to Wix to help provide better experiences for site visitors on a variety of services
Over 110 websites for social organizations and monetary purposes: Wix employees' platform has become a global solidarity initiative
06.11.23|Tech On Duty in collaboration with Poalim TechThe websites, built by Wix employees or with their close support, touch on all areas related to the crisis in Israel, divided into categories. Amongst which, some extremely notable initiatives, like the website of "Brothers In Food"
What crisis? Israel's software giants expect double-digit growth in 2023
23.02.23|Sophie ShulmanWix, Fiverr, and Global-e, which are all traded on Wall Street, presented good results for 2022 and very optimistic growth forecasts for 2023, which sent the shares of all three soaring
The Wix fix: “We began implementing further cost efficiency measures; reduced headcount by 15%"
22.02.23|Sophie ShulmanWix laid off around 370 employees last week, most of them in support centers in the US. On top of the $150 million cost reduction plan announced in August 2022, the company is implementing an incremental $50 million of cost savings in 2023
The secret behind the surprise success of Monday, Fiverr and Riskified
16.11.22|Sophie ShulmanIsraeli-founded SaaS companies published extremely positive results for the third quarter of the year, but they should not necessarily be seen as a signal for continued improvement in 2023
Wix laying off 100 employees
09.08.22|Meir OrbachThis will be the second significant cost cut by the company since it announced its intention to reduce expenses earlier this year, with Wix parting with several dozen employees when it closed its subsidiary Wix Answers in June
Israeli unicorns turning to M&As to satisfy investors massive appetite for growth
18.10.21|Sophie Shulman With organic growth slowing down, and plenty of capital in the coffers courtesy of investors, growth acquisitions have become a key tool in the arsenal of companies desperate to generate a return for investors who believed in them

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