Elon Musk showed off a trimmer figure in a holiday social media post on Wednesday while revealing that he has been taking an anti-obesity drug to shed pounds. Why it matters: Musk's post highlighted just how mainstream weight-loss drugs like Ozempic and Wegovy have become in recent years as public figures openly admit to using them,

Elon Musk has many speculating that he has used Ozempic to lose weight. The owner of X posted on the platform on Wednesday (Dec. 25). In his post, he shared a picture of him wearing a Santa outfit where he looked slimmer. However, it was his caption that sparked speculation that he was on the weight loss drug Ozempic.

Skyrocketing demand for Ozempic ( NVO ), Wegovy and other weight-loss drugs has boosted business for another line of work: online scams. Several reports this year have found that high demand combined with major barriers to accessing these medications has created the perfect storm for grifters looking to take advantage of people.