Why Is LegalZoom.com (LZ) Stock Down 28% Today?

Group 1 - The current CEO of LegalZoom.com, Dan Wernikoff, has resigned from the company and its board of directors [1] - Jeffrey Stibel has been appointed as the new CEO, with the decision made by the board of directors [5] - John Murphy has been named the lead independent director of the board [2] Group 2 - LegalZoom.com stock (NASDAQ:LZ) has decreased by 28% as of Wednesday morning [3] - The company has lowered its revenue guidance for 2024 to between $675 million and$685 million, compared to Wall Street's estimate of $710.35 million [6]