Why Coca Cola Lost 4 Billion
Coca Cola loses 4 billion because of Ronaldo. Coca-Colas share price immediately fell at the stock market opening at 930 am.
Coca Cola Lost 4 Billion In Market Value After Soccer Star Cristiano Ronaldo Suggested People Drink Water Instead Business Insider India
Because of the fall in share prices coca-cola suffered a loss of 4 billion.
Why coca cola lost 4 billion. Coca-Cola lost 4 billion in market value after Ronaldo endorsed water Dustin Foote 6162021. Coca-Cola Lose USD 4 Billion After Cristiano Ronaldo Moves Bottle and Endorses Water Cristiano Ronaldo Twitter Cristiano Ronaldos action of moving Coca-Cola bottles saw the soft-drink company suffering as their stock prices dropped 16 per cent. Cokes statement on the issue was neutral.
ET from 5608 to 5525 even before Ronaldos press conference was scheduled to begin at 945 just 4 cents. On Monday morning it was down 16 percent to 5523 in an hour which translated into a 4 billion loss in stock worth for the Coca Cola company. Coca-Cola lost 4 billion dollars after renaldo refuses coco cola drink.
A 4 billion loss off the back of one gesture by Cristiano Ronaldo. This is because of ronaldos influence as a celebrity making normal people opting for things of daily use and commercial. Coca-Cola lost 4 billion in market value because of Cristiano Ronaldo.
At 940 am EST its stock price was 5526 down 16 percent and the market value had already dipped to 238 billion 4 billion lower than on Friday June 11 when the. This stunt has lead to coca cola lossing 4 billion dollars. A small action of moving the bottle away led to such a major loss.
Sitting down at the table to talk to reporters. 4 billion dollars was wiped off Coca-Colas market value after Cristiano Ronaldo appeared to encourage people to drink water instead of the. Hours after footballer Cristiano Ronaldo ditched two Coca-Cola bottles for a bottle of water in a pre-match conference the stock prices of the beverage brand dropped 16.
The Juventus striker is currently at the Euros with the Portugal national team and he. Nuno Fernandes author and professor at Spains IESE Business School which has a partnership with Harvard Business School pointed out that Coca-Cola shares opened lower on NYSE at 930 am EST on Monday June 14. Coca-Cola lost 4 billion in market value after soccer star Cristiano Ronaldo suggested people drink water instead.
However Coca-Colas market cap is still about 268 billion. No Coca-Cola did not lose 4 billion. Coca-Colas market value dropped sharply after Cristiano Ronaldo snubbed the drink at a media event.
Cristiano Ronaldo has shown how powerful his influence is around the world after one gesture from him wiped billions off the value of Coca Cola. The Portuguese striker Cristiano Ronaldo brought down Coca-Colas stock with his actions at the press conference before the European Championship match against Hungary. The action of the Portugal star had cost Coca-Cola a lot of money.
About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy Safety How YouTube works Test new. Yes the market capitalization of Coca-Cola fell 4 billion when after the Ronaldo incident there was a sell-off of Coke stock which was trading at about 561 per share before and around 553 per share after. Coca-Colas share price dropped from 5610 to 5522 by the end of the press conference.
The Portugal captain shifted two bottles of Coke away from him at a Euro 2020 press conference in Budapest. A recent video was viral on most of the social media platforms where the Portuguese Footballer Cristiano Ronaldo had taken off Coca-Cola bottles and asked for drinking water instead. Coca-Colas shares were close to 5610 dollars when the stock market opened at 3pm in.
The 36-year-old instead urged viewers to drink more water. Cristiano Ronaldo shuns Coke Coca Cola loses 4 billion. Coca-Cola lost 4 billion in market value after Cristiano Ronaldo suggested people drink water instead.
Coca-Colas market value dropped by. This Tuesday the shares of The Coca-Cola Company registered a loss of 16 going from a price of 5610 to 5522. 3 states account for about one-third of last weeks deaths.
Coca-Cola has seen billions of dollars wiped off its market value after Cristiano Ronaldo removed two bottles of the brands product in. In this way the value of the soft drink company lost 4 billion dollars in 24. It said that Ronaldo like any other individual was entitled to his own drink preferences as everyone has different tastes and needs.
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