Wix Playground, PORTO ROCHA and float Collaborate to Present 'Design Threads,' a Multifaceted Report and Live Exhibition

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Go back to Wix Playground, PORTO ROCHA and float Collaborate to Present 'Design Threads,' a Multifaceted Report and Live Exhibition

Activist Involvement in Wix.com (WIX) Can Unlock 'Meaningful Value'

September 19, 2022 10:42 AM EDT

(Updated - September 19, 2022 10:45 AM EDT)

Shares of Wix.com (NASDAQ: WIX) gained 10% early Monday after activist hedge fund Starboard Value disclosed a 9% stake in the company Friday afternoon and, according to reports from Reuters, spoke to the Israel-based website building platform about improving operations.

Starboard is said to support the company's plans to become profitable and believes it can improve its margins and grow further.... More