US EditionOprah 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.
74 Articles
74 Articles
Oprah ditches Weight Watchers board, donates stock to Museum of African American History - Washington Examiner
Media mogul Oprah Winfrey announced she is stepping down from the board of Weight Watchers on Wednesday. Additionally, Winfrey will donate her Weight Watchers stock to the Museum of African American History in Washington, D.C. The stock decreased in value by 23% Thursday, to $2.88 a share. Winfrey was the largest stakeholder, according to FactSet, as she owned 1.43%. Winfrey has served on the weight loss company board since 2015 and recently a…
WeightWatchers sees the departure of its most famous shareholder, Oprah Winfrey, who is a fan of new drugs to lose weight.
Oprah ditches WeightWatchers after shedding pounds
After twenty-five years battling her weight before a studio audience, Oprah has finally dropped those pesky forty pounds… with the help of weight-loss drugs. Now the media mogul has dropped WeightWatchers too. Earlier this week, Oprah announced that she would be leaving the company after nearly a decade on its board of directors and starring in commercials. “I look forward to continuing to advise and collaborate with WeightWatchers and CEO Si…
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