Wix

Sources: Wix is expected to cut ~1,000 jobs in the coming months, or ~20% of its workforce, after weak Q1 earnings and a ~50% collapse of its stock in 2026

Wix acquires Base44, which lets users build apps from text prompts, for $80M; Base44 was founded by a solo entrepreneur six months ago and employs six people

31-year-old Maor Shlomo built the viral AI app-maker as a side project that began last year during a post-reserve trip.

Filing: activist investor Starboard Value built a 9% stake in Wix, which is struggling with losses since Q4 2021 and adopted a three-year cost-cutting program

Svea Herbst-Bayliss / Reuters :

Filing: Starboard Value has built a 9% stake in Wix, which has been struggling with losses since Q4 2021 and has adopted a three-year cost-cutting program

Starboard Value LP has built a 9% stake in website development platform Wix.com Ltd (WIX.O), the activist hedge fund disclosed in a regulatory filing on Friday.

Website builder Wix acquires art community DeviantArt, which has 40M+ registered members, for $36M in cash, including $3M of assumed liabilities

Ingrid Lunden / TechCrunch :