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Home Main Story

Coca-Cola’s Market Value drops by $4 billion after Cristiano Ronaldo’s Statement.

The Edge Media by The Edge Media
4 years ago
in Main Story, Sports Edge, Stock Exchange
Reading Time: 1 min read
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Coca-Cola’s Market Value drops by $4 billion after Cristiano Ronaldo’s Statement.

IC:(times now news)

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Cristiano Ronaldo picked up the two glass bottles of Coca-Cola, and muttered the company’s name and set them aside and held a bottle of water. He is quite strict and said it with a deadpan face. 

The captain of the Portugal football team is a well-known enthusiast. At a press conference in Budapest before Portugal went up against Hungary at Euro 2020, Ronaldo made it well known what he feels about carbonated drinks. 

Coca-Cola’s share price dropped from $56.10 to $55.22 by the end of the press conference- a 1.6 percent drop .

The market value of Coca-Cola went from $242 billion to $238billion- a drop of whooping $4 billion. 

 

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