Wix Launches New Feature to Help Users Create Web Apps More Easily

Firms acquire 33% stake in Direct Insurance and Virginia is for lovers of cussing

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Employees working at the Wix.com offices in Tel Aviv, July, 2016.
Employees working at the Wix.com offices in Tel Aviv, July, 2016.Credit: BAZ RATNER/REUTERS

Wix launches product to enable users to create web apps more easily

Wix.com, which helps small businesses build and operate websites, on Tuesday launched Wix Code – a product that enables users to more easily create web apps, though it has yet to finalize its market strategy. “Wix Code expands our market significantly by delivering a solution for creators, developers and designers to build web applications that can be tailored for any business need,” said Avishai Abrahami, chief executive of Wix.com. President Nir Zohar noted that Wix.com, one of Israel’s fastest-growing tech firms, has over 110 million users. “We will never be able to solve all their needs,” he told Reuters, adding that the new product should help creators resolve issues on their own. Zohar said the company has not yet modeled how it will sell the product.

Mori Arkin joining group that will acquire stake in Direct Insurance

Leumi Partners is joining insurance companies Clal and Phoenix, as well as businessman Mori Arkin, to acquire a 33% stake in Direct Insurance – Financial Investments for 480 million shekels ($134.5 million). Leumi Partners, Leumi’s investment arm, signed a complex memorandum of understanding with the Schneidman family, which controls the financial service company, in May. The deal provided for Leumi Partners, which already holds a 20% stake in Direct Insurance, to inject 150 million shekels into the company, in exchange for 10% of its shares, so that the family could be in compliance with the business concentration law. The sides also agreed that Direct Insurance would find a group of investors, which Arkin is joining, to buy another 330 million shekels of stock. Leumi Partners also serves as the Schneidman family’s banker and lead underwriter. Clal Insurance is investing 150 million shekels, while Phoenix and Arkin are putting in 90 million shekels each.

Virginia is for lovers of cursing on customer service calls

Customer service callers from Virginia used curse words in their conversations more than any other state in the United States in May, according to LivePerson, Quartz Media reported on Tuesday. LivePerson, which provides live chat and messaging technology for companies to run their customer service operations, analyzed 35 million transcripts of chats in May, according to Quartz Media. The company counted up “curse” words, which ranged from the classic four-letter words to such terms as fiddlesticks, dagnabbit and even drat and sheesh. LivePerson found that men were more likely to use “hard” curses, particularly related to body parts, while women tended to use softer terms like poop and gosh, Quartz Media noted. Much of the cursing was reserved for chat-bots, as opposed to human representatives. Virginia was followed by New Mexico, Alaska, Iowa and Utah, while the most polite states were Hawaii, Louisiana, Minnesota, Mississippi and South Carolina.

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