Coca-Cola Lose $ 4 Billion After Cristiano Ronaldo Removes Bottle In The Conference

The Portuguese star Cristiano Ronaldo removed two bottles of Coca-Cola kept in front of him at a Euro 2020 press conference, encouraging people to drink water instead. This move has caused the soft drink company to lose $ 4 billion.

CR7 hates soft drink

The 36-year-old hid the cola bottles deliberately as he sat down to address the media ahead of their Group F opener against Hungary. He further advised the people to instead ‘drink water.’

He held a bottle of water before shouting in Portuguese: ‘Agua!’ (Water)

Market value takes a fall

Following this incident Coca-Cola bottles from a Euro 2020 news conference on Monday, the company’s market value was trimmed.

The impact was so real that Coca-Cola’s stock prices dropped 1.6% as they went from being worth USD 242 billion to USD 238 billion, which is a loss of USD 4 billion, according to a report.

coca cola loses 4 billion


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