Oprah Winfrey attends the 2016 ESSENCE Black Women In Hollywood awards luncheon at the Beverly Wilshire Four Seasons Hotel on February 25, 2016 in Beverly Hills, California.
Oprah Winfrey attends the 2016 ESSENCE Black Women In Hollywood awards luncheon at the Beverly Wilshire Four Seasons Hotel on February 25, 2016 in Beverly Hills, California.

*Oprah Winfrey lost some loose change on Friday as Weight Watchers stock took a huge tumble.

CNN Money reports that shares of Weight Watchers dropped 30% on Friday after the lifestyle brand announced a quarterly loss of $11 million. Winfrey’s stake fell by $27 million on Friday as a side effect.

Winfrey signed on as the face of Weight Watchers last October when she acquired a 10% stake in the company, joined its board and became a member herself.

Its stock is currently trading almost 60% below the peak it hit in November as a result of Winfrey’s endorsement. The stock is down 50% for the year, with membership and meeting attendance slipping as well.

Winfrey is believed to have accumulated a profit of close to $30 million since joining up in October.



Want to read more articles like this one? Subscribe to EURnewsletter.

Got A News Tip or Video You Want to Share? Contact us HERE.






Recent Posts





EURweb is giving one lucky winner an iPad mini! Simply hit any or all of the action items below to enter. in Polls & Giveaways on LockerDome