NasdaqGS:WIXIT
Wix Buyback And Base44 Deal Test Confidence In AI Roadmap
Wix.com (NasdaqGS:WIX) has authorized a new $2b share buyback plan.
The company also highlighted its acquisition of Base44 to build out conversational AI tools across its platform.
Management framed both moves as part of a multi year plan to strengthen Wix’s product offering and capital structure.
Wix.com enters these announcements with its shares at $72.1 and a mixed recent track record. The stock is down 9.1% over the past week and 21.7% over the past month, with a 28.6% decline year to...