Netizens flood memes after Ronaldo’s snub brings massive drop in soft drink's market value

Cristiano Ronaldo’s snub had a massive impact on the brand and coincided with a $4bn fall in the share price of the company.

The Juventus star moved forward by holding up a bottle of water saying, “Agua! (Water!)”.

Video clips of the incident have gone viral on social media.

Elon - I can move the market with one tweet
Ronaldo- "Hold my bottle"??#CocaCola #ronaldococacola#Ronaldo pic.twitter.com/9Xz0ZcVqY3#ronaldococacola pic.twitter.com/JVv5Z8OmPe

— Rahulkumar (@ThorTufaankadev) June 17, 2021

Coca Cola loses $4 billion after #CristianoRonaldo removes soft drink bottles. @Cristiano #cococola #ronaldococacola

*Le owner: pic.twitter.com/mjrGq0Fot2

— Daljeet Singh (@daljeet701) June 16, 2021

Mineral water companies after Ronaldo's press conference#ronaldococacola #Ronaldo #CocaCola #paanipio pic.twitter.com/SZo2q3FFmC

— NikkammaNikhil (@NikkammaN) June 17, 2021

Ronaldo ?? the Coke destroyer #CocaCola #ronaldococacola pic.twitter.com/lFmD91XPHI

— Chandru_stan | #??ᴀʙ ♡ (@Extra_covers17) June 17, 2021

Ronaldo replacing #CocaCola with water #Ronaldo #ronaldococacola

CocoCola Owner: pic.twitter.com/nIwwrl6ecj

— Asghar Mughal (@AsgharM30447457) June 16, 2021

Christiano Ronaldo right now...#christianoronaldo #ronaldococacola #CocaCola #Coke pic.twitter.com/l55zveRXk6

— devilish wink (@tomishra) June 16, 2021

Coca-Cola is one of the official sponsors of Euro 2020. The company’s share price dropped from $56.10 to $55.22 almost immediately after Ronaldo’s gesture, a 1.6% dip. However, the market value of soft drink brand went from $242bn to $238bn, losing $4bn.

#ronaldococacola
The Art The Artist pic.twitter.com/yBTNEOpAsz

— Lorenzo V Khan (@LorenzoVKhan) June 17, 2021

2 mint Main noddles banana..
Naah 30 second main 4Billion dollars Fall krwana #ronaldococacola pic.twitter.com/5FgyQcVFEN

— Faizi Khan (@Faizii_69) June 17, 2021

Ronaldo is a pop culture colossus, boasting almost 300 million Instagram followers.

Meanwhile, Coca Cola issued a statement and said that players are offered water, alongside ‘Coca Cola’ and ‘Coca Cola Zero Sugar’ on arrival at their press conferences.

The company said that “everyone is entitled to their drink preferences” and that everyone has different “tastes and needs”.