Friday, July 30, 2021

Ronaldo’s Coke snub costs Coca-Cola $4 billion

Football superstar Cristiano Ronaldo’s snub of Coca-Cola drinks has led to a N4 billion loss in shares.

• June 16, 2021

Football superstar Cristiano Ronaldo’s snub of Coca-Cola drinks has led to a N4 billion loss in shares.

At a press conference during the ongoing Euro 2020, Ronaldo cleared off Coke bottles from a table.

The event held before Portugal’s group stage match against Hungary on Monday. Portugal won the match 3-0, with Ronaldo scoring a brace.

In a viral video, Ronaldo was seen clearing Coca-Cola drinks off his table while holding a bottle of water, saying, “Agua.”

Reacting to Ronaldo’s gesture, Coca-Cola issued a statement on Monday saying, “Everyone is entitled to their drink preferences.”

However, the UK Guardian reported Wednesday Coca-Cola suffered a huge loss following the Portuguese star gesture.

“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,” the UK Guardian reported.

With over 90 million followers on Twitter and close to 300 million fans on Instagram, Ronaldo stands as the most influential footballer on social media across the globe.

More from Peoples Gazette

States

Drivers to henceforth take computer-based test for licence: FRSC

Graduating applicants from driving schools are now required to write computer-based tests before they are issued a driver’s licence.

Minister of health Osagie Ehanire, COVID-19 patient, and Director General, NCDC, Chikwe Ihekweazu

Health

Nigeria expecting 29 million Johnson & Johnson, other COVID-19 vaccines: Health Minister

Meanwhile, Nigeria on Thursday recorded 558 new COVID-19 infections in 15 states and the Federal Capital Territory (FCT) with two deaths.

Blessing Okagbare and Grace Nwokocha

Sport

Tokyo Olympics: Okagbare, Nwokocha qualify for 100m semifinals

Nigeria’s Blessing Okagbare and Grace Nwokocha on Friday qualified for the semifinals of the women’s 100 metres event at the ongoing Tokyo 2020 Olympics.

Education

Only four per cent of northern girls completed secondary school: Report

Only four per cent of northern girls complete secondary school, says a survey by the Centre for Girl Child Education (CGE).

Kaduna State governor, Nasir el-rufai, Ibrahim El-Zakzaky and Wife, Zeenat

Rights

El-Rufai govt files fresh charges against El-Zakzaky, wife

Governor Nasir El-Rufai’s government has filed fresh charges against the leader of the Islamic Movement in Nigeria (IMN), Ibrahim El-Zakzaky, and his wife, Zeenat.

Sport

D’Tigress lose again at Tokyo Olympics

D’Tigress, Nigeria’s senior women basketball team, lose 62-87 to their French counterparts in their second preliminary round Group B fixture at the ongoing Tokyo Olympics.