*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.
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