The statement did add that Gatorade would continue "our partnership with the Tiger Woods Foundation will continue. We wish him all the best."
And with that, Gatorade became the third major corporate sponsor to drop Tiger. Granted, Tiger won't likely be living on the streets anytime soon. And perhaps he'll one day put the scandal in his past, just as countless others -- from athletes to politicians -- have done before.
Still, shareholders of Tiger Woods-endorsed stocks will have a hard time forgetting the financial pain he apparently caused them when, according to one study, they lost between $5 billion to $12 billion in the market value of their investment as news of his extramarital sexcapades first broke.
-- Reported by Andrea Tse in New York
Tiger Woods Follow TheStreet.com on Twitter and become a fan on Facebook.