LegalZoom Drops Ahead of Shareholder Meeting as AI Fight Hangs Over Stock
LegalZoom shares traded at $6.53 early Wednesday, down 2.2%, valuing the company near $1.16 billion. The annual shareholder meeting is set for 9:00 a.m. Pacific. Quarterly revenue rose 13% to $206.8 million, but net income dropped to $1.1 million from $5.1 million a year ago. LegalZoom raised its full-year revenue forecast to $810–$830 million.
