Media magnate Oprah Winfrey is resigning from her position on the board of directors at Weight Watchers. The company is facing pressure from a new class of weight loss drugs known as GLP-1s, including popular brands like Ozempic, Wegovy, and Zepbound, which are projected to become the best-selling drugs of all time. Following this news, Weight Watchers' stock plummeted by 25%. Winfrey has decided to donate all her Weight Watchers shares to the National Museum of African American History and Culture. She disclosed in December that she is using a GLP-1 drug herself. Additionally, Weight Watchers has initiated the offering of prescriptions for these popular medications. The company's net loss has surged by 140% to $88.1 million in the last three months compared to $35.8 million in the same period the previous year.
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