Coca-Cola lose $4 billion on Cristiano Ronaldo’s gesture during the press conference

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Portuguese football star Cristiano Ronaldo moved two bottles of Coca-Cola during a press conference ahead of his team’s match in the Euro 2020 championship on June 15, which is going viral across the globe.

Ronaldo removed two bottles of Coca-Cola kept in front of him for promotion. He then raised a bottle of water, encouraging people to drink water instead.

He was heard saying ‘Agua!’, ‘water’ in Portuguese.

Marca reported that Ronaldo’s gesture had a negative impact as Coca-Cola’s stock price dropped 1.6 percent. The American company went from being worth $242 billion to $238 billion – a loss of $4 billion, the report added.

Portugal manager Fernando Santos was also present at the press conference but he did not remove the soft drink bottles.

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