Is Cristiano Ronaldo is the reason for coco cola 4 Billion loss..?

During one of the press meet conference a head of portugal first match against hungary in euro 2020 Cristiano Ronaldo have moved two coco cola beverage bottel aside and he hold up one water bottel and symbolically asked every one to drink water.This act of Ronaldo went viral in social media and every one was sharing there thought about it in the media.

According to one Australian based press,coco cola share price has been dropped from $56.10 to $55.22 immediately after this act by Ronaldo.

1)Is Ronaldo is the real reason for this loss..?
2)Why Ronaldo avoided coco cola..?

For both the questions i will give you a detailed answer here.

Answer for the first question ,

We all know that coco cola is an ancient company,Despite of the debate over its health beneficiaries all over the world around 1.7 billion serving of coco cola are consumed per day.

The total market value of coco cola is $242 Billion but now due to this share drop it has came down to $238 Billion.This $4Billion drop will not make the coco cola company to worry because they have a strong market base.

We cannot say Ronaldo act was the reason for their drop in the market by without making any studies because one equity analysts have said that coco cola had faced 8% drop in their share value last week and that time there was no Ronaldo in the screen.So increasing and decreasing share value is a part in the market and every companies are gone through it ,so we cannot say ronaldo was the main reason for the lost by without doing any research.

Now i will answer the second question
Why Ronaldo avoided coco cola..?
We are all know that Ronaldo is a 36year old man but as per his coach his stamina is still be like a 26year guy and he can play the game even for 10 more years.

The reason for his fitness is due to his discipline towards his food,He will not eat junk food and beverages like coco cola and also he is a person who think every kids in the world to have nutrition rich food.
That is why he moved coco cola bottles away and symbolically said to the world to have water instead of beverages.

So now it is up to us to choose which one is good or bad

So choose wisely and have a healthy life.