NEW YORK--(BUSINESS WIRE)--Sep 22, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Wix.com Ltd. (“Wix” or the “Company”) (NASDAQ:WIX) and reminds investors of the September 22, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Wix had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (2) Wix had understated the costs associated with developing and promoting its AI product offerings; (3) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The truth began to emerge on May 21, 2025, when Wix issued a press release reporting its financial results for the first quarter ("Q1") of 2025. Although the Company reported a 12% year-over-year increase in bookings, Wix maintained its 2025 revenue guidance in the range of $1.97 billion to $2 billion, falling short of analyst expectations. This conservative full-year guidance fueled investor and analyst concerns regarding Wix's business and financial prospects and competition.
On this news, Wix's stock price fell $29.40 per share, or 16.18%, to close at $152.34 per share on May 21, 2025.
On November 19, 2025, Wix reported its financial results for the third quarter of 2025. Among other items, Wix reported that its rising post-acquisition costs to support Base44 were having a material negative impact on the Company's financial results and mitigating the positive impacts of AI-related tailwinds. Wix further revealed that these costs were generally comprised of AI compute and marketing costs.
On this news, Wix's stock price fell $25.22 per share, or 19.87%, to close at $101.70 per share on November 19, 2025.
On May 13, 2026, Wix reported its Q1 2026 results, including earnings and revenue below consensus expectations, and a sharp decline in operating margins that it largely attributed to softness in its professional developer business. On a related earnings call held the same day, Defendants acknowledged that Wix's professional developer customers were using competing AI tools, the Company's new Wix Harmony platform had "holes" and "missing capabilities," there had been delays in delivering product updates and innovation to professional developer customers, and as a result the Company had fallen behind "the workflow and the needs of" professional developers.
On this news, Wix's stock price fell $20.56 per share, or 27.1%, to close at $55.32 per share on May 13, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Wix’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Wix class action, go to www.faruqilaw.com/WIX or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the Wix.com Securities Class Action Lawsuit:
What is the Wix.com securities fraud lawsuit about?
The lawsuit alleges Wix.com misled investors by overstating the competitiveness and financial benefits of its AI products while understating the costs of developing and marketing those offerings.
Who may be eligible to participate in the lawsuit?
Investors who purchased Wix.com Ltd. (NASDAQ: WIX) securities between February 19, 2025 and May 12, 2026 may be eligible if they suffered losses.
What is a lead plaintiff, and how can I seek appointment?
The lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by September 22, 2026. Investors may participate without serving as lead plaintiff.
What should investors do if they purchased Wix.com stock during the Class Period?
Investors should review their trading records and consider consulting counsel about their legal rights, participation in the lawsuit, or seeking appointment as lead plaintiff.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Wix.com securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
WIX CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Wix.com (WIX) Investors of Securities Class Action Lawsuit Deadline on September 22, 2026
KYIV, Ukraine (AP) — Russia bombarded at least four Ukrainian regions overnight with missiles and drones, killing five people, officials said Tuesday, and Ukraine’s forces damaged another Russian oil refinery in their latest long-range strike.
The ongoing exchange of daily aerial attacks, while positions on the battlefield’s front line barely change, provided a backdrop to the visit by Ukrainian President Volodymyr Zelenskyy to the United States.
Zelenskyy was due to meet other world leaders, including U.S. President Donald Trump, at the U.N. General Assembly in New York. The Ukrainian leader is hoping to recruit their help to end Russia’s more than 4½-year-old full-scale invasion of his country.
Russian President Vladimir Putin isn't due to attend the annual event.
The war, which Western officials say has killed more than 500,000 Russian troops, has had global repercussions. Western analysts estimate that Ukraine has recorded more than 500,000 military casualties, including up to 140,000 deaths.
The repeated attacks on Russian refineries, following Moscow’s strikes on Ukraine’s power grid, have caused international shortages of diesel and price spikes, according to Trump. However, the global crunch also came after the Iran war led to curtailed oil shipments through the Strait of Hormuz.
Zelenskyy also wants help to ensure the flow of Ukrainian grain and other farm products to world markets through the Black Sea. Russian attacks on cargo vessels have severely disrupted Kyiv’s exports, hurting its economy and threatening global supplies.
Russia and Ukraine have in recent years accounted for around 30% of the world’s wheat exports and 12% of corn exports, most of it shipped through the Black Sea. But last month, attacks slashed both countries’ agricultural exports by two-thirds, Thomas de Waal of the Brussels-based think tank Carnegie Europe said in a report Tuesday.
“The lack of that grain in world markets puts several African countries at risk of famine, while world cereal prices, already pushed up by the closure of the Strait of Hormuz, could rise even higher,” it said.
French President Emmanuel Macron said Tuesday that his country would provide Ukraine with more radars to help protect its power grid.
He said on social media that he discussed with Trump the possibility of a truce between Moscow and Kyiv on strikes on energy infrastructure and a “moratorium” on Black Sea attacks.
Zelenskyy began his New York visit by meeting with U.S. senators, thanking them for what he called strong bipartisan support for Ukraine and for recently passing a tougher Russian sanctions bill that Trump has signed into law.
Peace and security will be closer once the bill is fully implemented, he said.
Zelenskyy said on social media that he briefed senators on his proposals for de-escalation measures that he intends to discuss with Trump later Tuesday.
In Kyiv, Iryna Panina, 36, woke around 2 a.m. Tuesday as a jet-powered Russian drone approached her home. It blew out a window and left her apartment covered in wreckage.
She said she has lost hope in leaders' peace efforts.
“As an ordinary person just trying to live and survive each day, I find it hard to believe they fully understand what’s actually happening, how hard it is, and how much ordinary people are suffering,” she told The Associated Press.
Zelenskyy also plans to again press Trump to send more U.S.-made Patriot air defense systems that Kyiv desperately needs to stop Russia’s ballistic missiles.
Ukraine said that it struck the Kuibyshev oil refinery in Samara, southeast of Moscow, in an overnight attack.
Several drones hit their targets, sparking a large fire at the facility, according to a statement from Ukrainian special forces.
The refinery, owned by Rosneft, is a key fuel supplier for central Russia, producing gasoline, diesel, fuel oil and other petroleum products, the statement said. Ukraine said that it struck the same refinery last June.
One person was killed and four others were wounded in the Samara attack, regional Gov. Vyacheslav Fedorishchev said. He said that “the enemy targeted industrial facilities,” but didn’t specify which ones.
The Russian Defense Ministry on Tuesday said that its forces downed 297 Ukrainian drones over 14 Russian regions overnight, as well as the illegally annexed Crimean Peninsula.
Russia’s overnight attack on Ukraine included anti-ship missiles, ballistic missiles, cruise missiles and more than 200 drones, Ukraine’s air force said.
The strikes killed four people in the central Ukrainian city of Dnipro, said Oleksandr Hanzha, head of the Dnipropetrovsk regional military administration. A drone also killed a woman in the northern Sumy region, local police said.
The strikes across Ukrainian regions damaged homes, businesses and storage facilities, wounding at least five people, authorities said. Five people were wounded in the capital, Kyiv, according to officials.
The Russian Defense Ministry said Tuesday that its forces struck metallurgical and chemical industries, the fuel and energy sector, and the military-industrial complex, as well as port infrastructure facilities in four regions of Ukraine.
They included a Fire Point plant in Kyiv producing components for long-range cruise missiles and a tobacco factory in the central Poltava region used to make small arms ammunition, it said.
Barry Hatton reported from Lisbon, Portugal. AP reporters Volodymyr Yurchuk and Srdjan Nedeljkovic in Kyiv, Ukraine, contributed to this report.
Follow the AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine
Oleksii, a Ukrainian war veteran, clears broken glass inside an apartment building damaged by a Russian drone strike in Kyiv, Ukraine, Tuesday, Sept. 22, 2026. (AP Photo/Evgeniy Maloletka)
Oleksii, a Ukrainian war veteran, clears broken glass inside an apartment building damaged by a Russian drone strike in Kyiv, Ukraine, Tuesday, Sept. 22, 2026. (AP Photo/Evgeniy Maloletka)
In this photo provided by the Ukrainian Emergency Services on Tuesday, Sept. 22, 2026, a rescue worker put out a fire of a infrastructure facility damaged after a Russian strike on Dnipropetrovsk region, Ukraine. (Ukrainian Emergency Service via AP)
In this photo provided by the Ukrainian Emergency Services on Tuesday, Sept. 22, 2026, a building is seen damaged after a Russian strike on Zaporizhzhia, Ukraine. (Ukrainian Emergency Service via AP)
