Eli Lilly Clarifies It’s Not Offering Free Insulin After Tweet From Fake Verified Account—As Chaos Unfolds On Twitter (2025)

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Eli Lilly Clarifies It’s Not Offering Free Insulin After Tweet From Fake Verified Account—As Chaos Unfolds On Twitter (2025)

FAQs

Eli Lilly Clarifies It’s Not Offering Free Insulin After Tweet From Fake Verified Account—As Chaos Unfolds On Twitter? ›

Pharmaceutical company Eli Lilly clarified Thursday it is not offering free insulin, after a fake Twitter

Twitter
Elon Musk was rumoured in April to have changed the name of Twitter Inc. to X Corp. Those rumours were confirmed when Musk himself posted a tweet showing “X” as his profile picture. This was in tune with his ambition, which he had put on the record, to turn Twitter into “X, the everything app”.
https://www.forbes.com › what-the-x-is-going-on-at-twitter
account—which was verified through Twitter Blue
Twitter Blue
Twitter stated that an account with a "blue tick" verification badge indicates "we've been in contact with the person or entity the account is representing and verified that it is approved".
https://en.wikipedia.org › wiki › Twitter_verification
, a new subscription service implemented by Elon Musk— impersonating the brand said it was, a sign the new feature is causing confusion and misinformation to spread on ...

Did Eli Lilly lose money because of tweets? ›

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.

How much did Eli Lilly tweet about insulin price? ›

Eli Lilly Reduced The Price Of Insulin To $35 Per Month, And This Guy Who Trolled The Company Can Take Some Credit. Writer Sean Morrow, pretending to be pharmaceutical company Eli Lilly, tweeted “insulin is free now” in November. Now it almost is.

Did Eli Lilly lose billions? ›

Eli Lilly & Co. is down more than $120 billion in market value and its status as the poster child of the weight-loss drug frenzy is under threat with at least two rivals posting encouraging developments for their obesity treatments.

What companies are impersonated on Twitter? ›

Twitter accounts with check marks posed as companies like Eli Lilly and PepsiCo, sending spoof messages about free insulin and the superiority of Coca-Cola. One account with a check mark pretended to be Tesla, Mr. Musk's electric car company, and bragged about using child labor.

What is the Eli Lilly insulin scandal? ›

In 2018, the Minnesota Attorney General sued Eli Lilly, Sanofi, and one additional insulin manufacturer alleging they deceptively priced their insulin products, which caused uninsured and underinsured Minnesotans to pay astronomically high out-of-pocket costs based on the list price of the drugs.

What is the controversy with Eli Lilly and company? ›

In 2009, Lilly pleaded guilty for illegally marketing Zyprexa and agreed to pay a $1.415 billion penalty that included a criminal fine of $515 million, the largest ever in a healthcare case and the largest criminal fine for an individual corporation ever imposed in a U.S. criminal prosecution of any kind at the time.

Why is Eli Lilly dropping price of insulin? ›

The big drug company said its action was all about helping diabetes patients, its goal being to “help Americans who may have difficulty navigating a complex healthcare system that may keep them from getting affordable insulin.”

Who jacked up the price of insulin? ›

Martin Shkreli (/ˈʃkrɛli/; born March 17, 1983) is an American investor and businessman. He was convicted of financial crimes for which he was sentenced to seven years in federal prison, being released on parole after roughly six and a half years in 2022, and was fined over 70 million dollars.

Does Eli Lilly own the patent for insulin? ›

The patent for Lilly's most prescribed insulin expired in 2014, and none of Lilly's other most commonly used insulins are patent protected either. The barriers to entry for the insulin market are much higher than for traditional small molecule pills because insulin is more difficult and expensive to manufacture.

Did Lilly overtake Tesla in terms of market value? ›

Eli Lilly's market cap surpassed Tesla's on Thursday as the EV maker's stock spiraled lower. Tesla's market cap closed Thursday at $581 billion, lower than Eli Lilly's $595 billion.

Why does Lilly stock keep dropping? ›

The pharmaceutical stock tumbled after one of the company's competitors announced promising clinical trial news on an obesity drug. Lilly has two obesity products that are powering sales right now, and it could lose market share ahead of schedule if any of its rivals push smoothly through development.

What is the controversy with Zepbound? ›

However, despite its intended benefits, Zepbound has become the center of controversy due to its severe side effects, particularly gastrointestinal issues. One of the largest risks associated with using Zepbound is the development of gastroparesis, also known as delayed gastric emptying or stomach paralysis.

Which advertisers are boycotting Twitter? ›

The company formerly known as Twitter filed the lawsuit Tuesday in a federal court in Texas against the World Federation of Advertisers and member companies Unilever, Mars, CVS Health and Orsted.

How does Twitter detect fake accounts? ›

Decision trees, logistic regression and support vector machines algorithms are used for the detection of fake accounts. Classification performances of these methods are compared and the logistic regression proved to be more successful than the others. What can I access?

Who owns Twitter in 2024? ›

Elon Musk completed his acquisition of Twitter in October 2022; Musk acted as CEO of Twitter until June 2023 when he was succeeded by Linda Yaccarino.

What caused Eli Lilly stock to drop? ›

Key Takeaways. Eli Lilly shares dropped more than 4% on Thursday as investors assessed the possible impact of a promising new weight-loss injection developed by Viking Therapeutics on the drugmaker's own anti-obesity drug, Mounjaro.

How much market cap did Eli Lilly lose? ›

End of year Market Cap
YearMarket capChange
2019C$163.14 B-2.29%
2018C$166.96 B42.8%
2017C$116.92 B7.16%
2016C$109.11 B-15.63%
25 more rows

Did Eli Lilly stock crash on Twitter? ›

On Friday, Eli Lilly's stock dropped 4.37%, erasing over $15 billion in market cap, Times Now reports, and Eli Lilly ordered a stop on all Twitter ad campaigns and paused all Twitter activity.

Why is Eli Lilly cutting prices? ›

Lilly is taking these actions to make it easier to access Lilly insulin and help Americans who may have difficulty navigating a complex healthcare system that may keep them from getting affordable insulin.

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