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I was like "how the f* is a website builder possibly worth $23B" and then I realized Wiz is not Wix. And then I realized Wix has a market capitalization of $9B,
by glandium 2y ago
I was like "how the f* is a website builder possibly worth $23B" and then I realized Wiz is not Wix. And then I realized Wix has a market capitalization of $9B, and I'm still WTF.
- nikanj 2y agoWix has over $1.5B annual recurring revenue, so a market cap of $9B makes sense. You and I might not use them, but it is a real business, not just a hype bubble.
- rurban 2y agoMy non-IT wife is using wix for her homepage. She loves it, I never heard of it before. 9B sounds okish. But wiz? There are reading like Mossad/Unit 8200. And who wants to have them in their backend? Worse than Cloudstrike, which sounds like CIA to me.
- xenospn 2y agoSounds like a lot of people do.
- underdeserver 2y agoAlmost every real cybersecurity company in the world has ex-Unit 8200 / Mossad employees. As well as ex-NSA and other intelligence agencies. You gotta know what you're up against to defend properly.
- gnrlst 2y agoThought the same until I saw your comment. For those in the same boat: Wiz, Inc. is a cloud security startup.
- krembo 2y agoFun fact: both founded by Israelis and have their R&D centers in the country.
- deleted 2y ago[deleted]
- flowheel 2y agoHahaha you'd be surprised how much demand there is out there. Wix's market cap is $10b +/-
- cpcat 2y agoOh. All this time I thought Wix pivoted to become a security company and suddenly Google wants to buy it. Just realized Wix is not Wiz. Still weird.