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Eli Lilly loses billions in market cap after ‘verified’ Twitter impostor promises free insulin

Twitter Blue sign-ups have reportedly been suspended after the pharmaceutical company took a dive in the stock market Friday.

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Twitter CEO Elon Musk reportedly suspended the company’s $8-a-month verification scheme after pharmaceutical company Eli Lilly (LLY) took a dive in the stock market Friday.


Billionaire Elon Musk’s changes to social media giant Twitter are already costing some companies billions in total stock value.

Pharmaceutical company Eli Lilly (LLY) dipped 4.37 per cent Friday to US $352.30 — erasing over US $15 billion in market cap — after a Twitter Blue verified account impersonating the brand promised free insulin.

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Kevin Jiang

Kevin Jiang is a Toronto-based staff reporter for the Star’s Express Desk. Follow him on X: @crudelykevin.

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