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Oprah's investment portfolio, Winfrey, declined by a few sizes on Tuesday after finding that its WW program (formerly Weight Watchers) had dropped between $ 39 and $ 48 million.
According to Fox News, the stock has gone from $ 103 per share in June 2018 to $ 22 per share Tuesday night. Oprah holds more than 5 million shares in WW, according to CNBC, more than 8% of the company.
"This decline followed the announcement by WW chief executive Mindy Grossman to analysts that WW would have fewer members in 2019 than in 2018," the outlet said. "Grossman blamed the company's efforts in winter advertising, claiming that they" were not driving consumers in the expected manner "."
Mindy Grossman said Tuesday that Oprah would be present in future WW commercials.
"Our marketing … was to be more focused on weight loss, especially during the January season," Grossman said. "Looking forward, I am pleased to say that Oprah Winfrey will play a pivotal role in our upcoming TV and digital marketing campaign for the spring, giving a clear message on how WW is the program that works. "
"Together with Oprah, we are also working on an initiative to bring communities together through a series of live, digital events and events to accelerate the impact of the planet and the planet. enable us to reach new and diverse audiences, "Grossman said.
Despite the success, Bloomberg estimates Oprah's net worth at $ 3.4 billion.
As 2019 announces, the chances for Oprah Winfrey to meet the expectations of the left by entering the 2020 race are canceling out more and more. In 2018, his calls to run against President Trump reached their climax after his lively speech "Time's Up" at the Golden Globes. Last August, she told British Vogue that running for president would be too trying.
"In this political structure – all the untruths, the bulls ***, the shit, the wickedness, the maneuvers disguised behind the scenes – I feel like I can not exist," Winfrey told British Vogue. "I would not be able to do it, it's not a clean case, it would kill me."
Perhaps as a test, Oprah sank into political waters in the mid-term elections of 2018, when she campaigned for Georgia's governorship candidate. Stacey Abrams, who lost to his GOP opponent, with a sizeable margin. As Emily Zanotti, of The Daily Wire, remarked at the time, her failure to propel Abrams to victory was perhaps the proof that Oprah was not delivering for the Democrats, in especially in rotating states:
The race should have been tailor-made for Winfrey, who has been looking for years to retire from his diurnal TV show several years ago, but even Oprah's flagship power could not conclude the ### ## # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # 39; case. Tuesday night, Abrams lost at least 2% and, despite calls for a recount, it is unlikely that he could survive a second round.
It's a blow to Oprah's political future, which could have included a presidential race in 2020, but it was only a loss of celebrities in a night of highly publicized democratic disasters.
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