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Why Oprah’s losing millions as Weight Watchers shares tank on bleak outlook

The fresh batch of bad news from Weight Watchers lopped an additional $39.2 million from the fortune of its biggest individual shareholder.

Oprah Winfrey waves the audience during a tribute to Nelson Mandela and promoting gender equality event at University of Johannesburg in Soweto, South Africa, Thursday, Nov. 29, 2018. (AP Photo/Themba Hadebe)
Oprah Winfrey waves the audience during a tribute to Nelson Mandela and promoting gender equality event at University of Johannesburg in Soweto, South Africa, Thursday, Nov. 29, 2018. (AP Photo/Themba Hadebe)Read moreThemba Hadebe / AP