Eli Lilly posted an unusual message on Twitter yesterday. The pharmaceutical giant apologized for a misleading tweet in which someone pretending to be the company wrote, We are excited to announce insulin is free now.
The company sells insulin, and it is not free.
Eli Lilly (real handle @LillyPad) can thank changes at Twitter introduced since Elon Musks $44 billion takeover for the confusion. The pranksters were able to easily make an official-looking Twitter accountwith a blue checkmark for the fake user name EliLillyandCoby paying $8 monthly for Twitter Blue. The new subscription service, introduced under Musk, comes with a blue check that previously signified that accounts were legitimate.
Hours after the fake post, Eli Lillys stock fell sharply. How much the drop was related to the post isnt entirely clear. But similarly, Lockheed Martin shares fell after a fake accountagain using Twitter Bluesaid the company was stopping weapons sales in some countries.
Gaming companies Nintendo and Valve were also targeted by pranksters using Twitter Blue, as were prominent athletes, including NBA star LeBron James (pretending to request a trade) and Major League Baseball pitcher Aroldis Chapman (claiming he signed a deal he didnt.)
Twitter Blue was unavailable Friday after the wave of imposter accounts.
Twitter blue checks under Musk
Before Musk took control of the platform, blue checks served to mark legitimate accounts and were given out freely to sources Twitter deemed notable and trustworthy.
On Nov. 5, Twitter announced the Twitter Blue service, saying in an update to its app on Apple iOS devices that users could receive the blue checkmark next to their names just like the celebrities, companies and politicians you already follow.
That opened the door for pranksters, who in the case of the Eli Lilly trickery trolled both drug companies and Twitter.
Pharma companies have faced pressure over the high cost of insulin and other drugs. That helped lead to the Inflation Reduction ActPresident Joe Bidens sweeping health-care, climate, and tax legislationincluding a provision capping the out-of-pocket cost for insulin at $35 dollars a month (for Medicare beneficiaries at least).
Eli Lilly didnt mention insulin or prices in its clarification note from its real Twitter account, writing simply, We apologize to those who have been served a misleading message from a fake Lilly account. Our official Twitter account is @LillyPad.
Eli Lilly faced yet more trickery from a second fake Twitter account, this one using LillyPadCo, Insider reported. Also pretending to be the companys real account, it apologized for the first fake message, writing that Humalog, a diabetes drug sold by Eli Lilly, is now $400. We can do this whenever we want and theres nothing you can do about it. Suck it.
The spokesperson for the pharmaceutical company told Fortune, We are deeply committed to ensuring patients and customers receive accurate information about our medicines. In recent days, fake/parody Twitter accounts for Lilly have communicated false information and were working to correct this situation.
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