A gesture made by Portuguese superstar, Cristiano Ronaldo, during a press conference on Monday, has caused Coca-Cola a loss of over $4 billion.
The football icon had caused a stir on Monday with a gesture involving two bottles of Coca-Cola.
The gesture soon went viral on social media.
The Juventus man, while addressing the press ahead of Portugal’s Euro 2020 group-stage clash against Hungary, spotted the two bottles of carbonated drinks and immediately pushed them away from his vicinity
Ronaldo then picked out a bottle of water and said to the cameras: “Agua! (Water!)”.
Ronaldo has previously spoken out about his dislike of sugary soft drinks and said he hated his son consuming them.
Marca reports that the share price of Coca-Cola before and after Ronaldo’s action has led to billions of dollars in losses for the company.
The Spanish newspaper further claimed that the company went from being worth $242 billion to $238 billion – a “brutal 1.6% drop” for it on the stock market.
Cristiano Ronaldo scored twice as Portugal started their European Campaign on a bright note, beating Hungary 3-0 on Tuesday.
Nigerians and citizens of 32 other African countries must obtain entry clearance before travelling to…
A Court of Appeal in Abuja has affirmed the judgment of a federal high court…
Dr Kayode Fayemi, immediate past Governor of Ekiti State and former Chairman of the Nigerian…
News Update Ibrahim Adamu Bala has been selected by the Allied Peoples’ Movement (APM) as…
News Update THE Federal Government has suspended the recent hike of the fees for the…
Dangote Industries Limited has intensified efforts to combat illegal haulage activities involving its trucks by…