Coca-Cola lost $ 4 billion in marketplace fee after football supermega celebrity Cristiano Ronaldo cautioned humans drink water instead
The football celebrity Cristiano Ronaldo's gesture at a Euro 2020 press convention on Monday wiped $ 4 billion off Coca-Cola's marketplace value. Cristiano Ronaldo snubs Coca-Cola drinks and holds up a bottle of water at a Euro 2020 press convention on Monday. UEFA Euro 2020 Ronaldo , Sat beside European nation manager Fernando port previous his team' match against Hungary, pettishly put aside 2 bottles of Coke, then picked up a bottle of water and said, "Água!" — the Portuguese word for water. Coca-Cola' shares, that had opened at concerning $56.17, had fallen by 1.6%, to $55.22, by the tip of the press conference. Its market price born by $4 billion, to $238 billion from $242 billion. The soft-drink manufacturer' shares continuing to slip on Tuesday, falling by 0.3%. Coca-Cola' stock price dropped on Mon when Ronaldo snubbed the company' beverages. Markets business executive The company' decline in market price was AN outlier compared to ...