Elon Musk’s Twitter Blue leaves first victim; Fake account “joke” caused millionaire losses to pharmaceutical company

The Twitter Blue by Elon Musk he left his first victimbecause due to a “joke” who published a False account which is verified, a pharmaceutical suffered losses millionaires

That’s what happened to the Pharmaceutical Eli Lillywhich lost more than 15 billion dollars due to a joke that made a fake accountbut it has the blue check mark.

The incident occurred thanks to the program Twitter Blue powered by Elon Muskwhich allows any account on the platform to be verified in exchange for a monthly payment of 8 dollars.

[object Object]

Twitter (twitter)

Fake account with verification check mark impersonated the pharmaceutical company Ely Lilly

It was yesterday, Friday, November 11, when the shares of the giant of the global pharmaceutical sector, Eli Lillysuffered a deep crash on wall street.

Losses estimated at more than 15 billion dollarswere registered after a false account that pretended to be the pharmacist, made a tweet of “joke”.

And it is that despite the fact that it is not the official account of Eli Lilly, a profile of the platform managed to obtain the blue check mark thanks to the Twitter Blue by Elon Musk.

Taking advantage of the situation, the false account that impersonated the pharmaceutical company published a message of “joke” in which he announced that insulin would become a free product.

The apparently innocent tweet made by the false account with the verification check mark did not remain a “joke”, since it had strong repercussions for the company of the global pharmaceutical industry.

The most read of Business
Elon Musk's Twitter Blue leaves first victim

Elon Musk’s Twitter Blue leaves first victim

Fake account “joke” caused millionaire losses to company

At the close of the stock market session on Wall Street, a severe drop was observed in Eli Lilly shares, as it suffered a 4 percent drop.

Regarding what happened, analysts indicate that the collapse of the company represents losses of more than 15 billion dollars.

In the same way, analysts considered that the millionaire losses suffered by the company are attributable to the episode that was experienced thanks to Elon Musk’s Twitter Blue.

Elon Musk's Twitter Blue leaves first victim

Elon Musk’s Twitter Blue leaves first victim (wait)

However, other versions indicate that Eli Lilly’s losses occurred during a general bad day for the health sector, which was the one that fell the most on Wall Street yesterday Friday.

It should be noted that Eli Lilly controls, together with Novo Nordisk and Sanofi, the 90 percent market share of insulin sales all over the world.

Due to what happened, the official account of Eli Lilly was forced to issue a message on Twitter, in which he denied the “joke” about insulin.

Controversy over Elon Musk’s Twitter Blue causes cancellation of blue popcorn

The verification and monetization mechanism Twitter Blue by Elon Muskhas brought with it various criticisms not only for the collection, but also for the risks in the identity fraud.

The foregoing is due to the fact that not only did Ely Lilly suffer from plagiarism in its identity, but other accounts have emerged that pretend to be companies and by paying the monthly fee, they can have verification.

The profiles have taken advantage of the fact that Twitter Blue allows them to obtain the blue check mark in exchange for a monthly payment of 8 dollars.

In the midst of the controversy, for the moment the platform decided to suspend the blue popcorn for the accounts that made their payment for the service.

However, users who had already verified their accounts will be able to keep the blue checkmark visible while don’t break the rules of the social network.

We want to give thanks to the writer of this write-up for this outstanding content

Elon Musk’s Twitter Blue leaves first victim; Fake account “joke” caused millionaire losses to pharmaceutical company