Since Elon Musk completed the $44 billion acquisition on
Twitter, things have been quite dramatic thenceforth. He recently introduced an
$8/month offer for the blue verification check to everyone, which led to the
popping up of fake accounts, this in turn, called the attention of Us Federal
trade Commission who promised to put a keen eye on Twitter.
Previously, the blue tick had been reserved only for
politicians, public figures and journalists who attained it upon verification.
With the need to increase revenue for the potential Twitter bankruptcy, the blue
tick was availed to anyone who would subscribe for the $8 monthly offer, this
in turn, created an avenue for fake accounts who emerged as imposter prominent
companies.
Some of the false twitter verified accounts that popped up
include the Musk’s SpaceX, Tesla, Roblox, Nestle, and Eli Lilly (a
pharmaceutical firm). One fake account on the pharmaceutical firm, Eli Lilly, made
a promise that insulin would no longer cost a penny as they would give it free
of charge on a date to be mentioned.
Eli Lilly, the affected pharmaceutical company, in turn,
made a public apology stating that the information was fake and misleading
despite the backslash on political stability and increased prices in medicine
which would call on the leverage.
Twitter has currently been unstable following Musk’s firing
of more than half of its employees including some senior executives.
In the meantime, the exodus of employees continues, and Elon has even hinted at the potential of Bankruptcy.
The Twitter/Elon Story will be fascinating to watch.