Ozempic Didn't Kill Weight Watchers. It Might Save It.
In one February, Weight Watchers borrowed $1.5 billion and paid $779 million of it to a single shareholder. The drug arrived nine years later.
In 2024, the average WeightWatchers subscription cost about $17 a month. $2.50 of that went to lenders. None of it went to the coaches, the app, or the rented rooms where the workshops happened. It went to interest, on money the company borrowed and spent on something no member ever saw.
WeightWatchers filed for bankruptcy in May 2025, and the reason everybody gives is Ozempic. Ozempic is real, and it did take the members. It is also the second time this happened. The first time was nine years before the drug existed. Continue reading
