Cristiano Ronaldo’s one gesture wipes $4 bn off Coca cola’s market value
Team Udayavani, Jun 16, 2021, 5:03 PM IST
Source: Twitter
Coca-Cola, the Euro 2020 sponsor lost a whopping $4 billion in its market value on Tuesday, June 15 as star footballer Cristiano Ronaldo moved the two glass bottles of Coca-Cola during a press conference and held up a bottle of water.
Ronaldo, who is a known fitness enthusiast, during the press conference after the UEFA Euro 2020 match against Hungary , can be seen sliding the Coca-Cola bottles aside, taking the brand’s name before picking up a bottle of water and saying “Agua.”
The short video clip of the incident surfaced on the internet.
Water only for Cristiano Ronaldo ⛔
(via @EURO2020) pic.twitter.com/XZBDoDnIZJ
— B/R Football (@brfootball) June 15, 2021
According to IANS report quoting Spanish newspaper Marca, this led to Cola’s shares taking a dive, leaving the company with billions of dollars in losses.
In a statement, Coca-Cola which is one of the official sponsors of Euro 2020 said, “Players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conferences.” The spokesperson further said that people have different tastes and needs.
Coca-Cola’s share price dropped to $55.22 from $56.10. The market value of the brand saw a dip of $4 billion from $242 billion to $238 billion.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Bantwal: Old video of elderly woman bursting firecrackers in hand goes viral
2-yr-old Kenyan national becomes India’s youngest pancreatic donor
Watch | Chaos in Ghaziabad court, lawyers clash with police, video goes viral
Piyush Goyal’s chat with German Vice Chancellor in metro on China goes viral
Rashtrapati Bhavan, Parliament light up in red to raise awareness about dyslexia
MUST WATCH
Latest Additions
Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back
Medical College expels 5 MBBS students from hostel for ragging juniors
Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP
Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi
Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.