Skip to content
Search AI Powered

Latest Stories

Pharmaceutical Giant's Stock Plummets After Parody Twitter Account Announces Insulin Is 'Free'

Eli Lilly Logo with free insulin tweet
@EliLillyandCo/Twitter; NurPhoto /Contributor/Getty Images

Eli Lilly and Company saw a 4.5% drop at the stock market after the fake tweet—and their apology only seemed to make matters worse.

Late last month, Elon Musk concluded the deal to take over Twitter and it definitely has not been a smooth transition.

Musk made the decision to introduce Twitter Blue to the world which allowed anyone who pays an $8 monthly subscription fee to obtain the verified blue checkmark, once reserved for authentic public figures.


Just as nearly everyone but Musk predicted, fake—but verified—accounts took over the Twitterverse. Though many creators of the "verified" accounts likely created them in good fun, one tweet by a fake account caused a plunge in the actual company's stock.

Last week, a fake account using the handle @EliLillyandCo posted that the real company Eli Lilly and Co was giving away free insulin.

The tweet read:

"We are excited to announce insulin is free now."

@EliLillyandCo/Twitter

Given the handle had a blue check, many believed the tweet to be legit.

Just over night, the company's share price dropped more than $20 per share, from $368 to $346.

The company quickly took to Twitter to apologize for the false information, and Musk also paused the new verification system as other companies were facing similar challenges. The parody account's tweets have also been locked.

While some were glad the pharmaceutical giant clarified, many think the company should be apologizing instead for the continuously rising cost of insulin.













In response to the criticism they've received, the company pinned a post from March to the top of their profile.

It reads:

"If you or someone you know has difficulty paying for Lilly insulin, we have a comprehensive suit of insulin affordability solutions available. We want to help."

It is followed with a link to the company's solution center resource page: https://t.co/Npcbfq9AXk

Though the parody tweet definitely ignited false hopes in some, and, of course, caused the company's stock to plummet, there is definitely a lesson to be learned here.

More from Trending

Ariana Grande
Taylor Hill/WireImage

Ariana Grande Calls Out Death Threats After She's Forced To Miss 'Wicked: For Good' Premiere In Brazil

The sense of entitlement to an artist's time and attention from some fans has become ridiculous, and perhaps even dangerous.

This was recently exemplified between Ariana Grande and her fans in Brazil when the singer was outright threatened with violence after a flight mishap caused her and her team to miss the Brazilian premiere of Wicked: For Good.

Keep ReadingShow less
TikToker @richi_luvv; Sabrina Carpenter
@richi_luvv/TikTok; Sabrina Carpenter/YouTube

Kidz Bop Just Released A Cover Of A Super Suggestive Sabrina Carpenter Song—And Fans Are Not OK

Kidz Bop, the long-running music outfit that refashions pop songs for the ears of children, usually focuses on upbeat, bubble gum pop tunes, right?

It's like the kind of songs you'd hear at, say, the grocery store, retooled for the elementary school set.

Keep ReadingShow less
screenshot from Fox News broadcast
Fox News

Sean Hannity Roasted After Claiming His Friends In NYC Are 'Scared' After Mamdani's Win

When Democratic Socialist Zohran Mamdani won the Democratic primary for New York City mayor in June, Republicans and some old school Democrats were positively apoplectic.

An immigrant Muslim of Gujarati and Punjabi Indian parents who has lived in NYC since he was 7 years old, the 34-year-old New York State Assembly member was the stuff of nightmares for the MAGAsphere. Mamdani was a non-White, non-Christian, Uganda-born immigrant and progressive Democrat.

Keep ReadingShow less
Alexandria Ocasio-Cortez; Zohran Mamdani
Andres Kudacki/Getty Images; Michael M. Santiago/Getty Images

AOC Has Democrats Applauding With Her Viral Reaction To Zohran Mamdani's Historic Win

New York Democratic Representative Alexandria Ocasio-Cortez had people nodding their heads after she opened up about why democratic socialist Zohran Mamdani's win in the New York City mayoral election on Tuesday is so important for the country at large as well as for the future of the Democratic Party.

Mamdani successfully took on the establishment to become the first South Asian, first Muslim, and first millennial mayor-elect, running a campaign that focused predominantly on the city's affordability crisis and that successfully batted away racist and Islamophobic backlash from right-wingers who claimed his policies would "destroy" the city.

Keep ReadingShow less
Screenshot of Mike Johnson
Fox News

Mike Johnson Gets A Swift Reality Check After Trying To Downplay The Election Results

House Speaker Mike Johnson was called out after displaying his clear denial over Tuesday night's election wins for Democrats, claiming that "no one should read too much into" the results despite major upsets.

Democrats won races around the country, particularly in Virginia, where Abigail Spanberger became the first woman to the win the governorship in the state's history, and in New York City, where Zohran Mamdani, a democratic socialist, successfully took on the establishment to become the first South Asian, first Muslim, and first millennial mayor-elect.

Keep ReadingShow less