Pharmaceutical giants Eli Lilly and Co. lost over US$15 billion in market cap after a parody account tweeted \u0027insulin is free now\u0027
Twitter on Friday paused its recently announced $8 blue check subscription service as fake accounts mushroomed.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Panic ensued when a fake account for pharmaceutical giant Eli Lilly and Co. emerged and tweeted “we are excited to announce insulin is free now.” The company’s stock the following day, erasing over US$15 billion in market cap. The official Eli Lilly and Co. twitter account later responded to the tweet. “We apologize to those who have been served a misleading message from a fake Lilly account.”Article content
We apologize to those who have been served a misleading message from a fake Lilly account. Our official Twitter account is
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