The 36-year old footballer had replaced two Coca-Cola bottles with water during a press conference.
LAHORE: (UrduPoint/Pakistan Point News-June 16th, 2021) International beverage giant Coca-Cola company lost $4 billion in market capitalization after Cristiano Ronaldo’s removal of two Coca-Cola bottles during a press conference.
Australian Associated press reported that Coca-Cola’s share price slipped from $56.10 billion to $55.22 billion soon after removal of two of its bottle by Cristiano Ronaldo.
“The market valuation of Coca-Cola went from $242 billion to $238 billion after fall of $4billion,” Australian Associated Press said.
According to the media reports, the company on Tuesday said: “Everyone is entitled to their drink preferences” with different “tastes and needs,”.
The 36-year-old Portuguese and Juventus FC striker replaced two bottles aside by water bottle during a press conference.
He was speaking to the reporters ahead of Portugal’s first game of the tournament against Hungary.
Ronaldo followed it by holding up a water bottle before saying “Agua!” in Portuguese and appearing to encourage people to choose water.
Coca-Cola is one of the official sponsors for Euro 2020.
Ronaldo scored twice in Portugal’s 3-0 victory in Tuesday’s game against Hungary, thereby moving beyond France’s Michel Platini as the record goalscorer at the European Championship finals with 11 goals.