$8 rule of Elon Musk has given a big financial blow...
After becoming the boss of the social media site twitter, tesla CEO Elon Musk announced that now people will have to pay money for Blue Tick. Under this, instead of $ 8, blue ticks were being distributed indiscriminately. It also caused a great loss. Many fake accounts also got blue ticks by paying money, due to which these people were misleading the users on social media. This $8 rule of Elon Musk has given a big financial blow to a pharmaceutical company in America.
In fact, after the implementation of Twitter's $ 8 rule, American pharmaceutical company Eli Lilly has suffered a big loss. This company manufactures insulin and is one of the three largest insulin manufacturers in the world.
This highly reputed company has a verified account on twitter with the name @LillyPad but taking advantage of the new rule, a fake account on twitter with the handle @EliLillyandCo bought a blue tick on Twitter.
It was not only about buying a blue tick by creating a twitter handle of the company, but making a tweet from this fake account, due to which the company's shares fell sharply and it had to pay a heavy price. It was announced in this tweet that now insulin medicine will be free.
Even though it was a fake account, people were dodged due to the purchased blue tick, which had a loss on the company's shares. Due to this, the company's shares fell by about 4% and according to the indian currency, the company suffered a loss of about Rs 1,223 billion.
Let us tell you that similar fake accounts of reputed companies got their twitter account verified by taking a blue tick and this purchased blue tick started confusing the common people, which proved to be a big setback for companies as well as big businessmen. Taking action against such fake accounts, twitter has now banned them and has currently banned the distribution of blue ticks.
