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CLAIM: Fake Eli Lily Twitter Account Causes Stock Price to Fall & Costs Twitter Millions

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in General Factchecking by Novice (530 points)
Elon Musk now allows Twitter users to pay $8 for a verified Twitter account, which is a big change from the past. Previously, much research and digging went in to each account before verifying it with the blue check mark. Now, because of this, someone created a fake Eli Lily Twitter account, and reported that insulin was now free, which was not true. This caused a panic at Eli Lily in an effort to get this tweet removed. This incident caused backlash from Twitter users as well as Eli Lily stock price dropping 4.37%. Eli Lily has also halted advertisements on Twitter, costing Twitter millions.
https://www.forbes.com/sites/brucelee/2022/11/12/fake-eli-lilly-twitter-account-claims-insulin-is-free-stock-falls-43/?sh=67fbfca741a3

1 Answer

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by Newbie (240 points)
Interesting post, although this isn't really a claim considering what you linked is the evidence and proof of it. But, I think Elon Musk making that change so that anyone could be verified is really interesting in thinking about censorship and how it had a big impact in the world.
by Innovator (50.7k points)
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