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LegalZoom stock plunges after cutting FY revenue guidance, announcing new CEO

July 10, 2024 11:04 AM EDT

LegalZoom (NASDAQ: LZ) shares plunged more than 28% Wednesday after the company announced a new CEO and reduced its revenue expectation for the full year.

The company announced that its current Chairman of the Board of Directors, Jeffrey Stibel, has been named its next CEO, effective immediately, while it has also appointed John Murphy as the Lead Independent Director of the Board.

Current CEO Dan Wernikoff will leave the... More