LegalZoom Stock Hits All-Time Low as CEO Departs, Company Cuts Outlook
LZLegalZoom.com(LZ) Investopedia·2024-07-10 23:18

Key TakeawaysLegalZoom said CEO Dan Wernikoff was leaving the company and would be replaced by board member and entrepreneur Jeffrey Stibel.The online legal services provider cut its full-year revenue and adjusted EBITDA outlook.Shares fell 30% to an all-time low Wednesday. Shares of LegalZoom (LZ) plunged 30% to an all-time low Wednesday as the online legal services provider announced Chief Executive Officer (CEO) Dan Wernikoff was leaving and cut its full-year guidance. The company reported that Wernikoff ...