Oprah takes financial hit.

BIG hit:

The fresh batch of bad news from Weight Watchers lopped an additional $39.2 million from the fortune of its biggest individual shareholder. Oprah Winfrey, who owns more than 8 percent of Weight Watchers, saw the value of her stake drop to $122.7 million after the wellness company forecast that 2019 profit will be well short of Wall Street estimates. The value of her stock has plunged by $435.8 miillion since June 20, when the shares peaked at $103.09. She also owns options to purchase an additional 2.1 million shares. Weight Watchers tumbled 23 percent to $22.65 in extended trading at 5 p.m. in New York. Read more: Weight Watchers plunges as weak forecast chokes off turnaround Winfrey, 65, is worth $3.4 billion, according to the Bloomberg Billionaires Index. Most of her net worth is held in cash.
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  1. taminator013 says:

    Well, no wonder Weight Watchers stock took such a big hit. All the competing weight loss plans have attractive, slim, celebrity spokeswomen who had gained a few pounds over the years and then lost them by using other products. Then we have someone who looks like Henrietta Hippo shilling for Weight Watchers. In which product would you put your trust? I’m Oprah Winfrey and if you buy the Weight Watchers plan you can look like me. That ain’t happening real soon…………

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