Home Sports Cristiano Ronaldo snub wipes billions off Coca-Cola’s market value

Cristiano Ronaldo snub wipes billions off Coca-Cola’s market value

Cristiano Ronaldo’s removal of two Coca-Cola bottles during a press conference at the Euros has coincided with a $4bn fall in the share price of the drinks giant.
The Portugal captain is a renowned health fanatic and made it clear what he thinks of the carbonated soft drink. The 36-year-old shifted the bottles of Coca-Cola away from him during a press conference in Budapest on Monday in the prelude to his country’s Group F game against Hungary.

Ronaldo followed it by holding up bottle of water before declaring in Portuguese: “Agua!”, appearing to encourage people to choose that instead.

Coca-Cola’s share price dropped from $56.10 to $55.22 almost immediately after Ronaldo’s gesture, a 1.6% dip. The market value of Coca-Cola went from $242bn to $238bn – a drop of $4bn.

Coca-Cola, one of the official sponsors of Euro 2020, replied on Tuesday with a statement that said “everyone is entitled to their drink preferences” with different “tastes and needs”.

A Euros spokesperson said: “Players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conferences.”

Ronaldo is a pop culture colossus, boasting nearly 300 million Instagram followers.

Mhangura, Masvingo, Chiredzi; Nkulumane, Emakhandeni, Bulawayo Northern suburbs, Mt Darwin declared new COVID 19 hotspots

On Tuesday, he scored twice in Portugal’s 3-0 win over Hungary – moving beyond France great Michel Platini as the record goalscorer at the European Championship finals with 11. Guardian

IN OTHER NEWS :You’ll Be Arrested If Caught Drinking Beer In Vehicles – ZRP Says

The Zimbabwe Republic Police (ZRP) has said all those caught drinking beer at bottle stores and inside vehicles will be arrested. Police national spokesperson, Assistant Commissioner Paul Nyathi said the directive is part of coronavirus containment measures. Pindula News present below a statement Nyathi issued on Monday to that effect.

The Zimbabwe Republic Police advises the public that the enforcement of the Government’s revised COVID-19 lockdown measures on health and security as announced on 12th June 2021 will be done without fear or favour.

 

The public should take note that the Police will ensure that all gatherings except funerals are banned and compliance is strictly adhered to. Mourners are implored to stick to the stipulated figure of 30 people and observe all COVID-19 protocols.

Patrols, blitz and monitoring will be done by Police to ensure that beer halls, bars and nightclubs remain closed. Bottle store owners should strictly observe the given operational time of 1000 hours to 1600 hours.

In this regard, all those found drinking beer at bottle stores, inside vehicles and surrounding areas will be arrested. Restaurants and fast food outlets should observe the law and ensure that they only serve take-aways as pronounced by the Government. Only hotels and lodges are allowed to serve.

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