Pharma company stock loses billions after fake Twitter account tweets that insulin is free in latest Elon Musk verification debacle – By Carlos Garcian (The Blaze) / Nov 11, 2022
A pharmaceutical company lost billions in stock valuation after a fake Twitter account tweeted that insulin was free in the latest debacle from Elon Musk’s acquisition of the social media company.
Eli Lilly and Company has been criticized by many for profiting from high insulin pricing, but the company was forced to release a clarification when the fake tweet resulted in a loss of 5% of its stock value.
Pranksters have taken advantage of the confusion surrounding the changes that Musk has made to verification on Twitter by paying his fee and then impersonating celebrities and companies. In some instances they have made statements damaging to the impersonated before Twitter is able to shut them down.
“We are excited to announce insulin is free now,” the tweet from a verified account read on Thursday.
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