it amazes me that Musk already threw his fervent-Democratic buying base — and EV car company and reputation — under the bus by seemingly becoming a Trump loving Republican overnight, and now the world’s richest man who bought Twitter for $44bn a month ago, seemingly as a goof, is now in danger of totally sinking the company into bankruptcy, has brought a new danger.
Since he changed the blue check to a pay for play, instead of as a verification of “the truth,” anyone who wants it can buy a blue check and impersonate a real company or celebrity with a similar sounding handle, and guess what? For just $8 bucks, many are taking him up on that!
Well today, some enterprising Twits impersonated Eli Lilly & Co. and tweeted that “Insulin would now be free!” and Eli Lilly stock plunged by as much as 9% — and brought down other pharmaceutical companies as well. Even after it was discovered the Tweets were fakes, they did not recover their losses.
Elon Musk is a smart guy. But his purchase of Twitter is becoming one of the greatest business debacles in American history.
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