Weight Watchers shares plunge after announcement of Oprah Winfrey's departure | EUROtoday

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Dhe US speak present host Oprah Winfrey has scared off buyers together with her announcement that she will probably be leaving the Weight Watchers board of administrators. The weight-reduction plan firm's shares collapsed by round 24 p.c in pre-market US enterprise on Thursday, as sharply as they did two and a half years in the past.

At $2.90, they had been cheaper than ever. Late Wednesday night, Weight Watchers introduced that the media icon, who has been a member of the board since 2015, won’t stand for re-election on the 2024 annual basic assembly.

Winfrey desires to donate her shares

Winfrey had publicly disclosed that she was taking prescription treatment to manage her weight. There are at present two accepted medicine within the US to deal with power weight problems – Novo Nordisk's Wegovy and Eli Lilly's Zepbound.

Winfrey will donate the corporate's shares that she owns to the National Museum of African American History and Culture (NMAAHC), WeightWatchers stated. It owned 1.13 million shares as of Jan. 1, in keeping with Reuters information.