Wix.com (WIX) 27% Drop Prompts Investor Scrutiny -- Hagens Berman Investigating Unanticipated Spike in Operating Expenses

SAN FRANCISCO, May 21, 2026 (GLOBE NEWSWIRE) -- Investors in Wix.com Ltd. (NASDAQ: WIX) saw the price of their shares tank $20.56 (-27%) on May 13, 2026, wiping out over $1.1 billion of the company's market capitalization, after Wix announced its Q1 2026 financial results and a massive 46% year-over-year increase in operating expenses and questions over the company's ability to defend its core business.