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Eli Lilly loses $15 billion in market cap after tweet by fake account with $8 blue tick
short by Ankush Verma / on Saturday, 12 November, 2022
Pharmaceutical giant Eli Lilly lost over $15 billion in market cap because of a tweet by a fake Eli Lilly account verified with a $8 blue tick. "We're excited to announce insulin is now free," the fake account had tweeted. "We apologise to those who have been served a misleading message from a fake Lilly account," the company tweeted.
read more at Moneycontrol