Cristiano Ronaldo caused Coca-Cola $4 billion loss in Stock Market

 

Recently, a video of Famous footballer Cristiano Ronaldo has gone viral in which the player replaced two Coca-Cola bottles placed in front of him with water. This incident took place during a press conference at the European Championship.

Through this action, Cristiano Ronaldo made it clear to the world that water is better than carbonated soft drink. He held the water bottle in his hand and spoke in Portuguese: “Agua” which means water.

Coca-Cola is one of the official sponsors of Euro 2020. The company’s share price dropped immediately after Ronaldo’s gesture. The market value of Coca-Cola went from $242bn to $238bn which caused them a loss of $4bn.