Wednesday, March 6, 2024

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WeightWatchers shares plummeted nearly 25% Thursday after slimmed-down media mogul Oprah Winfrey announced she was leaving the diet company’s board to “eliminate any perceived conflict of interest around her taking weight-loss medications.”

Winfrey, who had admitted to using a weight-loss drug as a “maintenance tool” a few months ago, said she would donate her 1.4% stake in the company — – reportedly worth about $12 million — to the National Museum of African American History and Culture during the company’s open trading window next month.

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