Oprah Winfrey exits WeightWatchers board, will donate stock to African American history museum
- Oprah Winfrey is leaving the board of Weight Watchers after working with the company for almost a decade. She will continue to support the organization's efforts to address obesity.
- Weight Watchers is facing financial challenges, with a net loss of $88.1 million for the last quarter of 2023. The company recently acquired the digital health company Sequence to offer prescription weight-loss drugs.
- Winfrey's decision caused Weight Watchers' stock price to plummet by 25% in premarket trading. The company has been struggling in the weight-loss industry due to competition from medications like Wegovy and Ozempic.
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