I think an acquisition by Google for WIX is doing soon, that is why the stock price is supressed even after good earning. WIX's price action looks like linkedin before acquisition. Google wants to buy WIX for cheap so got the institution to dump the stock so they can buy it up in the dark pools. After the accumulation is done the price is going to jump to its offer value which is WIX's fair value $203 + some premium.
$WIX Is going get acquired by Google soon. Base44 which WIX owns already have free access to nanobanana which google owns. https://x.com/MS_BASE44/status/2000602754885243171
I think an acquisition by Google for WIX is doing soon, that is why the stock price is supressed even after good earning. WIX's price action looks like linkedin before acquisition. Google wants to buy WIX for cheap so got the institution to dump the stock so they can buy it up in the dark pools. After the accumulation is done the price is going to jump to its offer value which is WIX's fair value $203 + some premium.
Main points from Wix management fireside chat at UBS
- Base44 arr exceeds expectations projecting $100 mill soon
- Base44 partnering with Gemini will bring llm costs to 0 ;)
- Only cost is marketing, but Base44 will achieve positive margin soon, with super strong demand it is going to be super profitable soon
This totally destroyed the Bear thesis. Its extremely Bullish.
Link: https://www.wix.com/press-room/home/post/wix-to-participate-in-a-fireside-chat-at-the-ubs-global-technology-and-ai-conference-1
Literally everyone I know is using base44, my nephew's school is teaching base44. WIX with base44 is at least a $500 stock.
The lower the stock price now is like my Christmas gift, its a $500 stock for $95, when my paycheck comes in I am gonna buy more.
Just heard their story on the 20VC podcast. Hadn't dealt too much with it (compared to Bolt/Lovable/Replit). Thanks for the rundown.