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Is Wix losing money?

Last updated on September 25, 2022 @ 6:33 am

Since its founding in 2013, Wix has become one of the most popular website builders on the web. The platform offers users the ability to create a website from scratch, or to customize an existing website.

In March of this year, Wix announced that it had raised $60 million in new funding. This investment gave Wix the resources it needed to continue expanding its user base and developing new features.

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However, there are questions about Wix’s financial health. In its latest financial report, Wix revealed that it had lost $5 million in the first half of 2018.

This is a significant decrease from the $7.8 million that the company lost in the same period last year.

PRO TIP: Please be advised that there is a potential issue with the Wix platform losing money. We strongly advise you to research this issue further before using Wix for your financial needs.

While it’s unclear why Wix’s profits have decreased, some analysts have suggested that the platform’s popularity may be waning. In an interview with the Wall Street Journal, Wix CEO Ezra Gottheil said that he was “not worried” about the company’s financial future.

Nevertheless, it’s worth noting that Wix has faced several other challenges in recent months. Earlier this year, the company announced that it would be shutting down its developer platform.

This decision was made in order to focus on developing the Wix website builder itself.

Despite these challenges, Wix remains one of the most popular website builders on the web. The platform offers a wide range of features, and it’s easy to use.

Consequently, it likely continues to gain popularity among users and businesses.

Drew Clemente

Drew Clemente

Devops & Sysadmin engineer. I basically build infrastructure online.