{"id":73654,"date":"2024-03-01T16:06:35","date_gmt":"2024-03-01T13:06:35","guid":{"rendered":"https:\/\/armenia23.ru\/?p=73654"},"modified":"2024-03-01T16:06:35","modified_gmt":"2024-03-01T13:06:35","slug":"stocks-fell-after-oprah-winfrey-announced-she-was-leaving-weight-watchers-following-a-major-reveal","status":"publish","type":"post","link":"https:\/\/armenia23.ru\/?p=73654","title":{"rendered":"Stocks fell after Oprah Winfrey announced she was leaving Weight Watchers, following a major reveal."},"content":{"rendered":"

Oprah Winfrey had been a well-known board member and advocate for Weight Watchers for many years, but <\/p>\n

following a significant disclosure, her affiliation with the organization is now terminated.<\/p>\n

The 70-year-old talk show personality and media tycoon obtained a 10% share in Weight Watchers, which <\/p>\n

is now known as WW, in 2015. She also joined the board of directors and served as the organization’s spokesman.<\/p>\n

Oprah assisted in raising the company’s profile and quickly caused stock prices to rise. Oprah has been <\/p>\n

endorsing the brand in advertisements for years, claiming that losing weight was achievable\u2014even without giving up bread!<\/p>\n

However, Oprah’s high-profile collaboration with WW is ending after almost ten years, since she disclosed that her weight loss journey entailed more than just diet control.<\/p>\n

Oprah: takes medicine for weight loss
\nOprah disclosed to People in December that she had taken an undisclosed weight-loss medication. <\/p>\n

She told the newspaper, \u2018I realized I’d been blaming myself for being overweight all these years, and no amount of <\/p>\n

willpower is going to control my predisposition.” Obesity is an illness. It has to do with the brain, not willpower.<\/p>\n

Her doctor granted her a prescription after she claimed to have \u2018released her own shame\u2019 over taking weight-loss medicine.<\/p>\n

She told People, \u2018I now use it as I feel I need it, as a tool to manage not yo-yoing.\u2019 \u2018I feel relief, <\/p>\n

redemption, and gratitude that there is a medically approved prescription for weight management and maintaining health in my lifetime. It’s not <\/p>\n

something to hide behind and face mockery for ever again. I have had enough of being shamed by others and especially by myself.<\/p>\n

\"\"<\/p>\n

The information was released at a time when prescription anti-obesity drugs like Ozempic are becoming more and more well-liked.<\/p>\n

Fans’ reactions to Oprah’s disclosure were divided; while some applauded her for being open about the subject, <\/p>\n

others claimed that after years of endorsing diet plans, she was a hypocrite. (Oprah disclosed to People that she continues to use the Weight Watchers point system when tracking her weight.)<\/p>\n

Leaving Weight Watchers behind<\/p>\n

Following this declaration, Oprah declared two months later that she was leaving Weight Watchers. <\/p>\n

Oprah revealed in a press release from WW that she would be donating her shares to the National Museum <\/p>\n

of African American History and Culture and would not be running for reelection to the board of directors.<\/p>\n

Oprah will continue to \u2018advise and collaborate” with the organization and conduct events on weight health, <\/p>\n

according to the announcement,
\nand the Board of Directors of Weight Watchers is \u2018supportive\u2019 of her choice to donate the shares.<\/p>\n

\"\"<\/p>\n

Oprah declared in a statement that \u2018weight health is a critically important topic and one that needs to be addressed at a broader scale.\u2019<\/p>\n

\u2018I intend to take part in several public forums and events, where I will actively promote the advancement of this dialogue.\u2019<\/p>\n

The Chairman of the Board, Thilo Semmelbauer, stated, \u2018Oprah has been an inspiring presence and passionate advocate for our members, <\/p>\n

providing critical insights and counsel that has helped shape Weight Watchers over these last 8 years.\u2019 <\/p>\n

\u2018On behalf of the Board, I would like to express my gratitude for her enthusiasm, commitment, and future <\/p>\n

role as a collaborator and thought partner. We will really miss her presence on the Board, that much is certain.<\/p>\n

\"\"<\/p>\n

Stocks crash
\nHowever, Oprah’s removal from the board had an instant impact on the business; according to CNN Business, Weight Watchers’ stock fell 25% on Thursday and is now down about 70%.<\/p>\n

It’s a sensitive time for the company, which has had to adapt to a changing culture around weight reduction <\/p>\n

and rising competition from medications like Ozempic. Now, it will have to function without its most well-known spokeswoman.<\/p>\n