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No, insulin is not free: Eli Lilly is the latest high-profile casualty of Musk's verification mess.
BY Steve Mollman
November 11, 2022, 2:18 PM PST
https://fortune.com/2022/11/11/no-free-insulin-eli-lilly-casualty-of-elon-musk-twitter-blue-verification-mess/
Eli Lilly posted an unusual message on Twitter yesterday. The pharmaceutical giant apologized for a misleading tweet in which someone pretending to be the company wrote, “We are excited to announce insulin is free now.”
The company sells insulin, and it is not free.
Eli Lilly (real handle @LillyPad) can thank changes at Twitter introduced since Elon Musk’s $44 billion takeover for the confusion. The pranksters were able to easily make an official-looking Twitter account—with a blue checkmark for the fake user name “EliLillyandCo”—by paying $8 monthly for Twitter Blue. The new subscription service, introduced under Musk, comes with a blue check that previously signified that accounts were legitimate.
Hours after the fake post, Eli Lilly’s stock fell sharply. How much the drop was related to the post isn’t entirely clear. But similarly, Lockheed Martin shares fell after a fake account—again using Twitter Blue—said the company was stopping weapons sales in some countries.
The company sells insulin, and it is not free.
Eli Lilly (real handle @LillyPad) can thank changes at Twitter introduced since Elon Musk’s $44 billion takeover for the confusion. The pranksters were able to easily make an official-looking Twitter account—with a blue checkmark for the fake user name “EliLillyandCo”—by paying $8 monthly for Twitter Blue. The new subscription service, introduced under Musk, comes with a blue check that previously signified that accounts were legitimate.
Hours after the fake post, Eli Lilly’s stock fell sharply. How much the drop was related to the post isn’t entirely clear. But similarly, Lockheed Martin shares fell after a fake account—again using Twitter Blue—said the company was stopping weapons sales in some countries.
More at the site.
Did someone say: "IMO, Musk is impulsive, reckless and unconcerned about consequences of his decisions and actions. "
Oh, I did.
https://democraticunderground.com/?com=view_post&forum=1002&pid=17295221
These are really serious consequences.
And there are others.
