Maor Shlomo 把公司卖掉后（Shlomo 依旧主导产品的实际工作）的一个重要思考是：Vibe Coding 工 具极其容易被复制，「技术护城河」几乎不存在。一旦像 Google 这样的巨头下场，这些初创企业很难 招架。 构建一个功能完备、且能扛得住复杂业务场景的平台，很难，但是很关键。 ⬆️关注 Founder Park，最及时最干货的创业分享 超 15000 人的「AI 产品市集」社群！不错过每一款有价值的 AI 应用。 邀请从业者、开发人员和创业者，飞书扫码加群： 「现在前沿的 AI 创业公司最大的错觉是什么？」 「以为自己真的有护城河。」 这是 Base44 的创始人 Maor Shlomo 在最近一期访谈中的对话。 今年 6 月，Vibe Coding 产品 Base44 以 8000 万美元的价格，卖给了以色列互联网巨头 Wix。 Base44，8 个人，零融资，上线不到半年，用户从零增长到 25 万，仅三周就实现了 100 万美元的 ARR。 进群后，你有机会得到： 01 Vibe Coding 很容易被复制， 真正的护城河是 「垂直整合」 主持人：行业里最大的批评是 Vibe Codi ...

Core Insights - Wix.com is a significant player in the SaaS industry, providing user-friendly web development tools, but faces competition from platforms like Squarespace and WordPress [1] - Cantor Fitzgerald maintained an "Overweight" rating for Wix while adjusting its price target from $160 to $135 amid a 21.7% stock decline [2][6] - Despite a 14% year-over-year revenue increase in Q3, reaching $505.2 million, Wix's stock hit a two-year low due to investor concerns over a delayed flagship product [3][6] Financial Performance - Wix reported Q3 revenue of $505.2 million, a 14% increase year-over-year, with adjusted earnings per diluted share rising to $1.68, exceeding analysts' expectations [3] - Revenue from Creative Subscriptions increased by 12% to $356.2 million, indicating robust performance in this segment [5] Stock Performance - Wix's stock has entered a bear market, dropping over 48% from its peak earlier in the year, with a current price of $101.70, reflecting a decrease of 19.87% [5] - The stock's decline is attributed to rising operating expenses, including costs related to AI developments and increased marketing investments [4][6] - A recent $1 billion convertible notes offering has raised concerns about potential share dilution, contributing to the stock's downward trend [4]