Here's Why Wix.com Stock Tumbled 16% in January

Shares of website-building platform Wix (NASDAQ: WIX) dropped 16.4% in January, according to data provided by S&P Global Market Intelligence. Other than a buyback plan announced late in the month, there was no meaningful news driving the decline. Instead, persistent fears that artificial intelligence will wreck business models across the software industry are likely the culprit. Image source: Getty Images. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best s ...