This text from Fast Company reports on the significant stock price drop experienced by WW International, Inc. (WeightWatchers). The article highlights a report from the Wall Street Journal suggesting the company is contemplating Chapter 11 bankruptcy, which appears to be the primary driver of the stock’s decline. Challenges cited include a large amount of outstanding debt coming due soon, difficulty attracting younger users, the impact of weight-loss medications like Ozempic, and recent financial losses, despite attempts to shift towards telehealth. The piece also notes the departure of Oprah Winfrey from the board and the poor performance of the stock over the past year and beyond.
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