-0.8 C
New York
Wednesday, August 4, 2021
HomebusinessA gesture of football player Ronaldo drowned Rs 29,300 crore of Coca-Cola,...

A gesture of football player Ronaldo drowned Rs 29,300 crore of Coca-Cola, know what is the whole matter

[ad_1]

This small step of football player Cristiano Ronaldo spoiled the game of Coca-Cola. In fact, a Coca-Cola bottle was removed from his front during a press conference ahead of the Portugal team’s Euro 2020 match against Hungary. Due to this, the world’s giant Coca-Cola suffered a loss of Rs 29,300 crore. Cristiano Ronaldo is a global superstar and everything he does has an impact off the field as well. Portugal captain Ronaldo shouted angrily before Hungary’s match at Euro 2020, “No cold drinks (Coca-Cola), we should make a habit of drinking water.

read this also:- Attention SBI Customers! Online banking services will be closed for few hours tomorrow, check details

There is no doubt that Portugal’s star striker Cristiano Ronaldo is one of the fittest players in the world. Even at the age of 36, the Portuguese superstar has the ability to compete with players 10 years younger than him. Even though Coca-Cola is one of the sponsors of Euro 2020, Ronaldo did so and urged everyone to ‘drink water’ instead. Such a suggestion from the global football superstar led to the loss of the Coca-Cola brand by US$ 4 billion, or Rs 29,300 crore.

read this also:- EPFO extends date of linking Aadhaar with UAN, new deadline for filing PF returns

According to media reports, since this happened, the share price of Coca-Cola fell from $56.10 to $55.22. Coca-Cola’s stock fell 1.6% just after Ronaldo’s gesture. The brand’s market value then dropped from $242bn to $238bn (a $4bn drop). This move of Ronaldo created an atmosphere against the Coca-Cola company and it affected the price of the company’s shares.

Related news

.

[ad_2]

A gesture of football player Ronaldo drowned Rs 29,300 crore of Coca-Cola, know what is the whole matter
Kiran Morehttp://mytechspark.com
Hello friends, I am Kiran More, Technical Author and Co-Founder of mytechspark . Speaking of education, I am an BCS (Bachelor of Computer Science ) Graduate. I am also a youtuber our site provide fresh tech news ,unboxing ,new smartphones and Gadgets News and much more . So Stay connected with us. 😀
RELATED ARTICLES

Most Popular

Most Popular