Posted 2/29/2024, 11:33:00 PM
Oprah steps down from WW board, stock plunges 25% as weight loss landscape shifts
- Oprah Winfrey is stepping down from WW (formerly WeightWatchers) board after nearly a decade, sending stocks down 25%
- Winfrey's endorsement and involvement previously led to huge spikes in WW's valuation and relevance
- Weight loss approaches are shifting from traditional dieting to drugs like Ozempic
- WW needs to pivot to stay relevant in a changing weight loss landscape
- It's unclear if WW's move to provide weight loss drugs will have the same "Oprah Effect" as her past endorsement