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15 thoughts on “A fake tweet sparked panic at Eli Lilly and may have cost Twitter millions

    1. Twitter was losing $4M a day by running itself like Rome before the fall, all for a select number of grievance studies majors–the adult version of a high school mean girl clique–who did approximately 30 minutes of work each week while the coders slaved away. Don’t get me wrong, I’m sure the coders made great money too, but we know who the face of Twitter was.

      It was a Potemkin Village from the start. But it accorded the corrupt crony corporatists a great deal of power by propping up journalists (the lords and ladies of the blue checkmark) who would never investigate the business dealings. So when a new buyer exposed how dependent the app was on advertisers and bots (who scammed advertises and inflated the value of the company), it’s inevitable that it would lose money.

      Twitter may indeed go out of business. No loss there. But it would be happening WHILE it is growing astronomically in its number of users. Its capitalization rises (it can reach more people because it’s less censorial) yet advertisers leave because the current owner is exposing it as nothing more than a cover for ESG insiders. The last two weeks show all the more that it had long abandoned its notion of democratizing the internet through a virtual public forum; it was a shell company that certain ideologically minded investors manipulated for their own self-serving purposes, with about 10,000 useful idiots (Twits?) serving as a media shield.

    2. Lauren – Twitter users is down 1mm+ since Musk bought it.. do not believe the hype.

      His current cost of purchase is over 125B per the wall street journal.

      he is also now funneling SpaceX capital into twitter via ad dollars (why would they need to advertise a product, they exist off the government toll)

    1. Pumping out antibiotics is exactly what we *should not* be doing. Antibiotic resistance is a serious problem and they should only be prescribed when absolutely necessary.

    2. @JJ: You need to give babies antibiotics for fighting RSV? Are you sure you don’t mean giving them antivirals?

    1. Is this before or after Musk merges Twitter with “Truth” Social and tries to find a bigger sucker to buy the whole mess?

  1. A lot going on. Kinda strange that Lilly had such a presence on the space to begin with. Who really ever took the platform that serious? For me, I jumped on the $20 price drop (which has now recovered.) and added to my Lilly position. I believe some great things will be coming in the future. This incident will be long forgotten.

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