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Oprah Winfrey Loses $24 Million In A Day 1

Oprah Winfrey Loses $24 Million In A Day

oprah-winfrey-

According to Reuters, on Thursday, the company reported a 21 percent drop in fourth-quarter net revenue, which sent its shares down more than 27 percent in extended trading. As a result, Winfrey’s stake plunged by about $24 million.

However, she has still gained almost $75 million since she made her investment, the news wire added.

On the day Winfrey first invested in Weight Watchers, its shares doubled in value, while she made $70 million in just a day and also single-handedly generated $700 million in stock market value in two days, Forbes had reported.

In January, after she tweeted a video saying she lost 26 pounds on the diet program while still eating bread every day, company stocks rallied more than 16 percent and she made $12 million.

Kayode Olalere

Kayode Olalere

Kayode is a graduate of Mass Communication at the Lagos State University, School of communications. He is a talented writer.
Kayode Olalere

About Kayode Olalere

Kayode is a graduate of Mass Communication at the Lagos State University, School of communications. He is a talented writer.

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