Viral Ronaldo snub coincides with $4B drop in Coca-Cola's market value - Sportsnet.ca

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In a video that was shared widely on social media, Ronaldo encouraged those watching to drink water after moving a pair of Coke bottles out of view.

Coca-Cola’s share prices dropped from $56.10 to $55.22 soon after Ronaldo’s actions, a 1.6 per cent drop, decreasing in market value from $242 billion to $238 billion.Coca-Cola, a major sponsor of Euro 2020,that "everyone is entitled to their drink preferences" reflecting different "tastes and needs."

Ronaldo’s influence is far reaching, as the 36-year-old star has nearly 300 million followers on Instagram and more than 92 million on Twitter. On Tuesday, he found the back of the net twice in Portugal’s 3-0 opening win at Euro 2020 against Hungary to become the all-time leading scorer in European Championship history with 11 goals.More from Sportsnet

 

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