"Oprah Winfrey's Departure Sends Weight Watchers Stock Plummeting"

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Source: BBC.com
"Oprah Winfrey's Departure Sends Weight Watchers Stock Plummeting"
Photo: BBC.com
TL;DR Summary

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.

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