Wix.com's stock rose 28% in March following its earnings report and an aggressive share repurchase program. The company's Q4 revenue grew 14% to $524 million, driven by its Base44 application builder.
- Wix.com's stock surged 27.8% in March following its Q4 earnings report and share repurchase announcement.
- Q4 revenue increased 14% year-over-year to $524 million, driven by the Base44 application builder.
- The company announced a Dutch Tender Offer to repurchase 31.6% of its shares at $92 per share.
- Wix's stock has since fallen to $82, below the repurchase price, raising questions about its valuation.
- The company's market cap is expected to drop to around $3 billion after the share repurchase.
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