Overview
Wix (WIX) is one of the companies that has been benefiting from the pandemic-related tailwind. As a company developing a website-building platform, it has seen a surge in demand for its offering as more businesses look to have more online presence. Traction has been remarkable as of Q1, with revenue growing at 24% YoY. It also saw newly registered users increased by 63% YoY to 3.2 million in April alone, representing the company’s monthly all-time high. Looking to build upon the momentum, Wix has recently launched a more advanced eCommerce solution,