5 Interesting Learnings from Wix at $1.4 Billion in ARR
SaaStr
OCTOBER 26, 2022
So this year has been rough on SaaS and Cloud stocks, with multiples down 75% from a year ago and the markets overall down 50% or more. Payments and e-commerce drag blended gross margins down to 60%. Wix along with Squarespace and also WordPress / Automatic have pushed deeply into e-commerce and as part of that, payments.
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