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Wix Tumbles After Cutting 20% Of Workforce, Warns Of Deeper Growth Slowdown
Wix Tumbles After Cutting 20% Of Workforce, Warns Of Deeper Growth Slowdown
Website builder Wix announced an "organizational realignment" on Monday that will cut roughly 20% of its workforce, as the company warned of a sharper-than-expected slowdown in its Partners business.
The restructuring is designed to streamline operations, discontinue lower-priority initiatives, and reallocate resources toward Wix's core growth areas.
"The organizational realignment to streamline operations and reallocate resources to support the Company's top strategic priorities. This includes the scaling down and/or discontinuation of certain activities, initiatives, products, and subsidiaries," Wix wrote...
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Apr 28, 2026 / Tyler Durden
Iran Already Scrambling For Oil Storage After Two Weeks Of US Blockade
Iran Already Scrambling For Oil Storage After Two Weeks Of US Blockade
Trump's blockade is having a predictable effect on Iran's economy and oil industry, with reports that the regime is scrambling to repurpose old and rusty tankers as floating storage. Kharg Island is hitting capacity and the results could lead to disaster for Iran's oil wells.
The regime is reportedly moving to expand crude storage at the island, where around 90% of their energy exports are processed, by reactivating a 30-year-old crude carrier called M/T Nasha. It's a bad sign...
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May 23, 2026 / Rhesa Browning
Mises’s Theory of Nations Applied to Immigration and Borders
Ludwig von Mises had many insights about immigration. As one might expect, he foresaw problems with open borders, but also believed immigration could benefit a nation.
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Feb 27, 2026 / Tyler Durden
OpenAI Secures Record $110 Billion Funding Round Backed By Amazon, Nvidia, & SoftBank
OpenAI Secures Record $110 Billion Funding Round Backed By Amazon, Nvidia, & SoftBank
OpenAI has closed a new funding round that could total $110 billion, valuing the ChatGPT maker at $730 billion pre-money and potentially putting it on course for an IPO in the second half of the year, according to a new Financial Times report.
The three investors in the deal are Nvidia, Amazon, and SoftBank. People familiar with the deal say this opens the pathway to the public markets at the end of this year.
Breaking down funding numbers by...
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