Class action lawsuit filed against Wix over alleged AI product misrepresentations

A class action lawsuit has been filed against Wix.com Ltd., accusing the company of overstating the competitiveness and financial benefits of its AI products while understating development and promotion costs. Investors who bought Wix shares between February 19, 2025, and May 12, 2026, and suffered losses are encouraged to seek legal advice. The deadline to apply to be lead plaintiff is September 22, 2026. This legal action highlights potential risks for investors related to Wix's AI business claims.