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Why Wix Stock Plunged Today

·2 min read
Why Wix Stock Plunged Today
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"Wix is taking a leading role in facilitating the global shift online and changing the way web presences are built," CEO Avishai Abrahami said in a press release. To bolster its revenue growth, Wix spent heavily on marketing, product development, and customer support services. Its operating and free cash flow came in at $18.5 million and $14.6 million, respectively.