News - June 17, 2021

Ronaldo’s gesture cost Coca-Cola billions

Coca-Cola is one of the official sponsors of euro 2020 .

Coca-Cola shares dropped from $56.17 to $55.22 after Ronaldo moved two bottles of coke out of the view and picked up a bottle of water before Portugal’s match against Hungary on Monday.

Market value for the company dropped off 4 billion US dollars
( From $242 billion to $238 billion)

“Coca-Cola” company has said that “everyone is entitled to their drink preferences”
This incident happened during Ronaldo’s press conference on Monday.

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