Oprah Winfrey announced her decision to step down from the board of WeightWatchers after serving for nine years, causing a significant drop in the company's stock value. The media mogul, who became a major stakeholder in Weight Watchers in 2015, cited a 'perceived conflict of interest' due to her use of weight-loss medication as the reason for her departure. Following the announcement, WeightWatchers shares plummeted by more than 25% in premarket trading, specifically falling 23.5%. Winfrey also revealed plans to donate her entire 10% stake in the company, estimated to be worth $18 million, to the National Museum of African American History and Culture to further eliminate any conflict of interest concerns.
NEW: Oprah Winfrey’s announcement that she is leaving the board of WeightWatchers sent the company’s shares tumbling — she revealed last year that she was taking prescription anti-obesity medication. https://t.co/wn5pXuO0Lc
Oprah Exits Weight Watchers Board After Admitting She Took Weight Loss Meds https://t.co/C3g8207iam
The Controversial Reason Oprah Left Weight Watchers Winfrey's stake is worth $18 million. Read more: https://t.co/Qaoz9b1mPj
Oprah’s WeightWatchers exit sends stock tumbling https://t.co/dLoHu3lZoJ
Shares of WeightWatchers (WW), took a pounding Thursday after the company disclosed that media icon Oprah Winfrey will exit its board later this year. https://t.co/GwxzIK0JOZ https://t.co/16np4VMfFB
Oprah Winfrey leaving WeightWatchers board after revealing use of weight loss medication https://t.co/WqL6pbYpLa
Oprah Winfrey, who has been a major figure in the weight loss industry for decades, became a majority stakeholder in Weight Watchers in 2015. However, after nearly a decade, the 70-year-old billionaire is resigning from the company's Board of Directors. https://t.co/fk0HXm3cIX
Oprah ditches Weight Watchers board, donates stock to Museum of African American History https://t.co/S8iKRKnWkn https://t.co/S8iKRKnWkn
Oprah Winfrey Leaves WeightWatchers Board, Donates Stock to African American History Museum https://t.co/GlaBwmEPlS
WeightWatchers stock plunges as Oprah Winfrey leaves board, donates shares https://t.co/YHKQzwogj4
Winfrey leaving WeightWatchers board, donating all of her interest in the company to a museum https://t.co/A2LB4dhsIN
Former talk show host Oprah Winfrey is leaving WeightWatchers board of directors and donating all of her interest in the company to a museum. https://t.co/HAZADCHoMw
WeightWatchers' stock plunged Thursday after longtime celebrity booster Oprah Winfrey announced she's leaving the board and giving away her stock in the company. https://t.co/OIxtdGyaA4
#OprahWinfrey confirmed she made the decision to step down from her position on the WeightWatchers board after nearly 10 years. Click the link below for details. (📸: MEGA) https://t.co/QD724oBv8C https://t.co/h3rl6niQOL
Weight Watchers when they found out Oprah used Ozempic https://t.co/NlVCuxPoMV https://t.co/JSAJ28vMCV
Oprah Winfrey exits WeightWatchers board months after revealing use of weight-loss medication https://t.co/kpebUSK76x
Oprah Winfrey, who recently revealed she was taking a weight-loss drug, said she uses medication "as a tool to manage not yo-yoing." https://t.co/FeoEEpaOiW
Oprah Winfrey is stepping back from her role with Weight Watchers after serving on the board of directors for a decade. https://t.co/EosKrVEFHF
Oprah Winfrey will leave the board of WeightWatchers, following the revelation that she is using a weight-loss drug https://t.co/9UX9vc2TPR
Oprah Winfrey Exits Weight Watchers Board After Disclosing Weight-Loss Medication Use https://t.co/0HHXyi2HHn
Oprah to leave WeightWatchers board, donating her stake over "perceived conflict of interest around her taking weight loss medications." https://t.co/vi5Igt5Iho
Oprah and WeightWatchers are parting ways. https://t.co/VKrlo00UOJ
Oprah Leaves WeightWatchers After Weight Loss Drug Admission, Stock Plummets | Click to read more 👇 https://t.co/kINjZYieYT
Oprah Winfrey announces she is stepping down from WeightWatchers https://t.co/t2JsOkPz4s
Oprah Winfrey Steps Down From WeightWatchers Board After Losing 40 Pounds on Weight-Loss Drug https://t.co/VKrlo00UOJ Click the image for details:
Shares of $WW plunge following news that Oprah is stepping off the board. “She doesn’t want there to be the appearance of a conflict of interest as she talks about her use of the GLP-1 weight loss drugs,” D.A. Davidson managing director Linda Bolton Weiser says. https://t.co/B7MxIXx82J
Oprah makes a major move after weight loss drug controversy https://t.co/eXvDSPNNu5
Oprah Winfrey is leaving WeightWatchers’ board of directors and donating her stock in the company. The 70-year-old entrepreneur surprised fans in December by confessing that she'd found success shedding unwanted pounds with weight-loss drugs. https://t.co/1ErL4YGU29
Oprah Winfrey will leave the board of WeightWatchers after nearly 10 years. The media mogul says she will donate her 10% stake in the company to the National Museum of African American History and Culture in Washington, D.C. https://t.co/yf54zgm2aC
Oprah Winfrey is leaving the board of directors of WeightWatchers after a 9-year run and donating her stock in the company in order to avoid any potential conflict of interest over her use of weight-loss medication https://t.co/9eGxQTb6LG
Oprah Winfrey announced that she would be stepping down from the WeightWatchers board after nine years. The media mogul is donating her stock to a museum, which is something we didn’t realize you could do. https://t.co/s4HJFS1hvm
Oprah Winfrey leaves WeightWatchers board, WW stock drops as weight loss medications gain popularity https://t.co/3hD0Y2rqok https://t.co/6fMufhJu3a
Oprah is reportedly leaving the board of WeightWatchers after 10 years following her saying that she’s using a weight loss drug. https://t.co/CmVFw623yR
Oprah Winfrey will leave the board of WeightWatchers after almost 10 years, following the entertainment mogul’s revelation that she is using a weight-loss drug. https://t.co/I7jyAAMeHb
Oprah is leaving the board of WeightWatchers after 10 years following her revelation that she’s using a weight loss drug. https://t.co/rGocba43P8
Oprah Winfrey will leave the board of directors of WW, the weight loss company formerly known as WeightWatchers says. https://t.co/h5hasHFXHN
Oprah Winfrey is exiting the Weight Watchers board and donating her shares in the company after disclosing her use of weight loss medications. https://t.co/Td9KtbDWkN
Oprah Winfrey will donate all her shares in Weight Watchers to the National Museum of African American History and Culture "to eliminate any perceived conflict of interest around her taking weight loss medications,” the company says https://t.co/VoTVWKK9xe
Oprah Winfrey to Exit WeightWatchers Board After She Announced Use of Weight-Loss Drug https://t.co/I7jyAAMeHb
Oprah is leaving WeightWatchers, sending stock tumbling https://t.co/TsAa0j89UD
Winfrey will donate all her shares to the National Museum of African American History and Culture “to eliminate any perceived conflict of interest around her taking weight loss medications,” the company says. https://t.co/GPrqns8syA
Oprah Winfrey Leaves Weight Watchers Board After Disclosing Use of Weight Loss Medication https://t.co/Yqv0s0PJ6Z
WeightWatchers shares plunged after Oprah Winfrey said she’s preparing to leave its board, the latest blow to the obesity-focused company that’s struggling to stay relevant in the Ozempic era https://t.co/fS9L4S7oXM https://t.co/uOlbCCaURE
Oprah will leave the Weight Watchers board and donate the proceeds from her stake in the company "to eliminate any perceived conflict of interest around her taking weight loss medications." https://t.co/WE1EfBVZ1k
Oprah Winfrey to leave WeightWatchers board after admitting she used weight-loss drug — shares plunge 27% https://t.co/EzmouWkCNV https://t.co/zMBm5cNLHj
Oprah Winfrey to leave WeightWatchers board over ‘perceived conflict of interest’ — shares plunge 27% https://t.co/C8vRy5ujaq https://t.co/t72dreu62F
Oprah Winfrey leaving WeightWatchers board after admitting she uses weight-loss drug https://t.co/iUolQa9PVl https://t.co/gIL4g9MpgR
Oprah Winfrey is leaving the board of WeightWatchers, the company announced Wednesday, after she acknowledged using weight-loss drugs. https://t.co/Mz89mm44Ur
Oprah Winfrey said she's stepping down from her role at WeightWatchers after serving on its board of directors for nine years. https://t.co/6Sbzuw4r0S
Oprah Winfrey’s decision to quit the board of Weight Watchers is the clearest sign yet that more than a century of America’s dieting culture is over. The drugs have won, & the smart money knows it. Listen: https://t.co/3AVk3TXzjf
WeightWatchers Shares Take A Dump After Oprah Winfrey's Exit https://t.co/g1XqrsLvTm
WeightWatchers and other diet companies have struggled amid a shift toward so-called GLP-1 drugs like Ozempic, which rely on hormones to control appetite. Oprah Winfrey disclosed last year that she relies on these drugs to maintain her weight. https://t.co/1SQ9fTThAK
WeightWatchers shares drop as Oprah Winfrey decides to exit board https://t.co/U9rIVccWaW
Oprah Winfrey is leaving the board of WeightWatchers after eight years in the role, dealing a new blow to the company as it grapples with financial losses and navigates competition from weight-loss drugs. https://t.co/Axtd2YPlfQ
$WW (-25.4% pre) WeightWatchers shares drop as Oprah Winfrey decides to exit board - Reuters https://t.co/mblFjcEDcj
WeightWatchers Shares Drop 24% After Announcing Oprah’s Exit From Board https://t.co/yMu3OuuWQS https://t.co/ldp3ChSItK
$WW -25% premkt - Oprah Winfrey is leaving WeightWatchers board and giving away all her stock at critical weight loss moment https://t.co/50wxrJNKtz https://t.co/JHKlKDS6o8
⚠️ WEIGHTWATCHERS SHARES DROP AS OPRAH WINFREY DECIDES TO EXIT BOARD (Reuters) Shares of WW International, also known as WeightWatchers, took a pounding after the company disclosed that media icon Oprah Winfrey will exit its board later this year. The shares fell 23.5% to… https://t.co/8eYoSdu1mD
Oprah Winfrey to leave board of WeightWatchers https://t.co/1H779fhdMA
Shares in WeightWatchers dropped by more than 25% in premarket trading Thursday after Oprah Winfrey’s announcement that she has decided not to stand for reelection to the board at the upcoming annual meeting of shareholders in May. Read more: https://t.co/lq062JoVa4 https://t.co/K1OTw8HTvl
Shares in WeightWatchers dropped by more than 25% in premarket trading Thursday after Oprah Winfrey’s announcement that she has decided not to stand for reelection to the board at the upcoming annual meeting of shareholders in May. https://t.co/YPwDynWXMw
The American Eater Wins Again! Oprah Winfrey is leaving WeightWatchers board and giving away all her stock at critical weight loss moment https://t.co/SAqzi7ca1p
Oprah’s departure from Weight Watchers’ board is latest bad news for the stock https://t.co/zchL3dNDrI
WeightWatchers shares plunged by 25% after Oprah Winfrey said she was going to leave the company’s board, the latest blow to a company struggling to stay relevant in the Ozempic era. https://t.co/tAsaxTtPYY
Weight Watchers shares fall sharply after Oprah Winfrey decides not to stand for board re-election https://t.co/5pT0F19W3D
Ozempic and other weight-loss drug use is booming. But are Americans on board? https://t.co/KRwNVIauuV