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A major pharmaceutical company collapsed in the stock market due to a fake Twitter account

A major pharmaceutical company collapsed in the stock market due to a fake Twitter account

eli lilly fake tweet

Eli Lilly’s fake but verified (paid) account.

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although now the account was blocked and the tweet was deletedit was published for several hours and obtained hundreds of retweets and thousands of likes. The viralization of false content had a strong impact on Eli Lilly’s shares: at the close of this Friday they fell 4.37%, losing US$16 and remaining at US$352.30.

eli lilly bag fake tweet

Google Capture

The official account of the company had to come out to apologize during this afternoon. “We apologize to those who have received a confusing message from a fake Lilly account”they posted on their real Twitter handle.

The choice of phrase “insulin is now free” is no coincidencel for this fake post and it directly relates to the stock drop. The fight for the gratuity of an essential medicine for diseases like diabetes it is a very sensitive topic nowadays. Eli Lilly generates $878 million a year in insulin sales and it has been accused of inflating prices of medicine since the 1990s, taking advantage of its almost monopoly market on it.

https://twitter.com/LillyPad/status/1590813806275469333

The decision of Elon Musk to give him the Check blue verification to accounts that pay for the Twitter Blue subscription service caused a Crisis of users posing as brands and personalities in just days. As a result of this, users and media report that the possibility of acquiring this service is suspended.

an internal notepublished on the company’s Slack (the work platform), explained that Twitter is now actively seeking prevent people from subscribing to Twitter Blue “to resolve phishing issues.” In her account, the journalist Zoe Schiffer revealed this information and that indeed, the entry point to Twitter Blue was hidden on the web and on iOS. Some users reported that they can still access from Android.

twitter fake account donald trump

Tweets from a fake but verified (paid) account of Donald Trump.

Tweets from a fake but verified (paid) account of Donald Trump.

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In the last days Hundreds of accounts have popped up buying their verification to impersonate brands and celebrities. Schiffer cautions that those already verified via Blue Still will retain these benefits.

Source: Ambito

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