SC Anemia
02-27-2019, 09:56 PM
Concerns about a slowdown in membership growth for Weight Watchers International delivered a huge blow to Oprah Winfrey's investment in the dieting and wellness company.
Winfrey, who owns about 8 percent of Weight Watchers, lost nearly $58 million on paper Wednesday morning as the company's stock plunged.
Weight Watchers shares fell 36.1 percent in early trading Wednesday to $18.90 after the company reported Tuesday that it was "disappointed with our start to 2019." The beginning of the year is the most crucial time for healthy living ventures.
:whip :whip :whip
https://www.usatoday.com/story/money/2019/02/27/oprah-winfrey-weight-watchers-international-ww/3002180002/
Winfrey, who owns about 8 percent of Weight Watchers, lost nearly $58 million on paper Wednesday morning as the company's stock plunged.
Weight Watchers shares fell 36.1 percent in early trading Wednesday to $18.90 after the company reported Tuesday that it was "disappointed with our start to 2019." The beginning of the year is the most crucial time for healthy living ventures.
:whip :whip :whip
https://www.usatoday.com/story/money/2019/02/27/oprah-winfrey-weight-watchers-international-ww/3002180002/