Eli Lilly Stock Dives After Fake Twitter Account Promises Free Insulin

https://www.investors.com/news/technology/lly-stock-dives-taking-novo-sanofi-with-it-after-fake-twitter-account-promises-free-insulin/

by insin • 4 years ago

44 15 4 years ago

investors.com

mikkergp2• 4 years ago

I have real trouble believing these are connected.

Finnucane2• 4 years ago

Yeah, it would suggest that investors make knee-jerk reactions to tweets, without spending a minute to check if it’s real news, and are completely oblivious to what is happening at Twitter.

Okay, yeah, I can believe that.

mikkergp2• 4 years ago

I don’t think it’s that I can’t believe it, I just don’t want to… smdh

nebula8804• 4 years ago

Any chance it is automated systems reacting on information? I always thought that a lot of these hot shot developers working at the big hedge fund firms are writing code that scours the web and other sources and act on that info automatically.

latchkey• 4 years ago

If you're having trouble believing this, Elon also just suspended the $8 subscription.

https://twitter.com/ZoeSchiffer/status/1591084814157111296

Update: further proof since it affected all the drug companies...

https://twitter.com/rafaelshimunov/status/159114787753062809...

tsol• 4 years ago

If you look up the top producers of insulin, more evidence that investors know how vulnerable the insulin grift is.

All insulin producers crashed because of this? To me, that points it to being another cause.

AustinDev3• 4 years ago

Yeah, I'm not buying this at all. Either the Algo traders that slurp up the Twitter firehose haven't adjusted their algorithms or there is another cause. I would like to give quant trading programmers a bit more credit. All they had to do was lock in the handles of all the old official accounts to ticker mappings when this new feature was announced.

stevula• 4 years ago

If one company started offering insulin for free that would certainly affect their competitors.

cma2• 4 years ago

All could go down because their scam is getting back in the news, increasing chances of regulation on it.

lupire• 4 years ago

Is there any official Twitter documentation page that shows stuff like the current definition of blue check and grey check and whatever?

thatguy0900• 4 years ago

elon himself is probably the only person who knows

cma2• 4 years ago

According to The Verge they fired the communications department

Eli Lilly Stock Dives After Fake Twitter Account Promises Free Insulin

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