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Coca-Cola shares drop $4 billion after Cristiano Ronaldo’s gesture to drink water

Coca-Cola shares drop $4 billion after Cristiano Ronaldo's gesture to drink water


Coca-Cola shares drop $4 billion after Cristiano Ronaldo’s gesture to drink water

Cristiano Ronaldo’s water gesture cost Coca-Cola billionsCristiana Ronaldo may have cost Coca-Cola billions after he moved two bottles from his press conference and replaced with water.Associated Press, USA TODAYCristiano Ronaldo’s gesture for people to drink water instead of Coke at a Euro 2020 press conference may have cost the soda company $4 billion in market value.  Coca-Cola shares dropped from $56.17  to $55.22 after Ronaldo moved two Coke bottles out of view and picked up a bottle of water before Portugal’s match against Hungary on Monday. Market value for the company dropped from $242 billion to $238 billion – a $4 billion plunge. “Agua!” the soccer superstar exclaimed. Agua means water in Portuguese. Coca-Cola is one of the sponsors for the UEFA EURO 2020 tournament and a statement from the company reviewed by the Guardian said, “everyone is entitled to their drink preferences.” A Euro 2020 spokesperson reportedly said, “Players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conference.” ►Biden and stocks: Stocks post record run under Biden: Here’s what could happen next►Surprise costs: Don’t overlook these costs when rushing to buy a homeRonaldo may have started a trend, because French soccer player Paul Pogba mirrored the same gesture with a Heineken beer bottle following a match with Germany on Tuesday. Ronaldo is well known for his impressive physique and told that to keep his body in good shape he avoids alcohol and carbonated drinks.  Coca-Cola shares were up to $55.41 when the stock market closed on Tuesday. EURO 2020: Pragmatism the key to success in pandemic soccer’Good fortune’: Spain vaccinates Euro 2020 soccer team after outbreak scareFollow reporter Asha Gilbert @Coastalasha. Email:

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