"Oprah Winfrey's Departure Sends Weight Watchers Stock Plummeting"
TL;DR
Oprah Winfrey is set to leave the board of Weight Watchers, a company struggling to compete with weight-loss drugs' popularity. She revealed using weight-loss drugs as a "maintenance tool" and plans to donate her shares to the National Museum of African American History and Culture. Weight Watchers faces a major shift in the weight-loss industry with the launch of anti-obesity drugs like Wegovy and Ozempic, and recently reported a net loss of $88.1m. The company also announced the acquisition of digital health company Sequence to incorporate prescription medications into its weight loss program.
- Oprah Winfrey to leave board of Weight Watchers BBC.com
- Oprah Winfrey is leaving WeightWatchers board and giving away all her stock at critical weight loss moment CNBC
- Oprah’s departure from Weight Watchers’ board is latest bad news for the stock MarketWatch
- WW International Says Oprah Winfrey Won't Seek Re-Election to Board The Wall Street Journal
- WeightWatchers Shares Drop 25% on Oprah Winfrey’s Departure Bloomberg
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Read on BBC.com