Hello, it’s me, Quentin, specialist in finance, jokes on the economy and great popularizer of the stock market (and not MDR stock exchanges). I’m so knowledgeable on the subject that I decided to tell you about the joys of the big market that makes our lives more beautiful. No, I really hate it all, but here it is, it’s time to talk about the subject because there are funny anecdotes about a whole bunch of products and services that have fallen on the stock market for very small and sometimes very insignificant causes. Life is amazing, isn’t it?
1. Ronaldo caused Coca-Cola to fall on the stock market by preferring water in a press conference
During Euro 2021, the one and only Cristiano Ronaldo showed up at a press conference and dismissed the bottles of Coke installed in front of him, preferring them a good old bottle of water. This simple little gesture had big repercussions on the red and white brand since the Coca-Cola share fell 1.6% on the New York Stock Exchange. Well, that’s not going to make Coke sink, but it’s funny how one person can have such a big impact on a single brand.
Edit: You still have to qualify all that: if you look at the stock market carefully (what, you never do that?) you notice that the price of Coca shares was already down before Ronaldo’s press conference. So maybe he just shot the ambulance…
2. Kylie Jenner took Snapchat to the stock market because of a single tweet
In early 2018, Kim K.’s sister asked in a tweet who was still using Snapchat. As a result, the value of the shares of the social network had fallen by 6% and the company had lost 1.3 billion euros. Whereas me, when I say I’m going to stop posting on Facebook, nothing happens.
The tweet in question: “Is anyone else not opening Snapchat anymore?” Or is it just me…uh that’s so sad”
3. Rihanna also had Snapchat fall on the stock market
And there, Snapchat had looked for it. They did an ad where people were asked to choose between “punch Chris Brown” and “slap Rihanna.” Knowing that the singer had suffered domestic violence from Chris Brown, the idea was very muddy. Rihanna torched Snapchat on Insta, and Snap shares fell 3.6%. In the teeth.
4. Actor Jeremy Jordan brought down the Chipotle brand
We don’t really know this good gentleman in our region, but he has played in a few American series and is relatively well followed on the networks. In 2017, he posted a video on a hospital bed saying he nearly died after eating at a Chipotle-branded restaurant. Immediately after, the company’s securities lost 5.9% of their stock market value. At the same time, it’s hard to advertise a restaurant worse than that.
5. Donald Trump took Toyota down with a tweet
During his tenure, Trump regularly made financial markets rain and shine with his tweets. I quote you for example this time in 2017 when he asked Toyota to build factories in the United States rather than in Mexico under penalty of taking large customs taxes. Following this small exit, the car brand had lost $ 1.2 billion in capitalization. When you are told that to be President of the States is to be the most powerful man in the world…
6. Hillary Clinton took a pharmaceutical company public.
During her campaign for the American presidential elections, the Democratic candidate had tweeted against the inflation of the prices of certain drugs and had in particular targeted Biotechnology Index, a box which has several drugs. The company had fallen 5% on the Nasdaq and it was a great day for all of humanity. We will remember it.
7. Elon Musk drove the stock price of Tesla, his own company, down
We end on the funniest move of this top, with the super-villain Elon Musk, who is a regular at tweets that make shares explode and fall on the stock market. But in 2020, where he was strong was that he tweeted: “Tesla stock price is too high”, leading to a 10.3% drop in Tesla stock. The guy is strong, very strong.