Eli Lilly Stock Dipped after a Verified Twitter Imposter Claimed Insulin Would Now Be Free
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Sara Boboltz, reporting for HuffPost:
Eli Lilly’s stock dipped Friday morning after someone paid $8 to verify a Twitter handle resembling that of the pharmaceutical giant and posted: “We are excited to announce insulin is free now.”
Insulin, of course, is not free. In the U.S., one study released this summer found that the high price of the lifesaving drug puts an extreme financial burden on about 14% of the 7 million Americans who need it regularly.
The Eli Lilly imposter verified the handle @EliLillyandCo, taking advantage of Twitter’s new rules governing who gets to have a verified account. The company’s real handle is @LillyPad.