Billion crash for the insulin giant – after fake Twitter certificate

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Twitter is having trouble with a new paid sender verification service after a large number of fraudsters took to the social network claiming to be someone else.

Both pharmaceutical companies and famous people were affected.

Twitter’s new owner Elon Musk wants to introduce a verification symbol for who is the sender for those who are prepared to pay the equivalent of around SEK 80 a month.

In the past, the verification has mainly concerned public figures, where Twitter carried out the review.

But the service was down on Friday after Twitter was flooded with pranksters. A person pretending to represent the pharmaceutical company Eli Lilly & Co, announced that insulin is now free. The company was forced to apologize and lost billions.

Nintendo, Lockheed Martin and Musk’s own companies Tesla and Space X were also affected, as were sports stars and celebrities.

In practice, it is enough to own a phone, have a credit card and be able to pay 8 dollars a month to create an account with a certificate. The problem is that the purchased certificates look the same as Twitter’s approved certificates.

The setback for the expensed verification, called blue-check, came at the same time as several managers left the company. Among them are two security managers and a manager in the marketing and sales group.

The US consumer review authority FTC writes that it follows the development on Twitter “with deep concern”.

In the player above: Tech expert Evelina Galli analyzes it all!

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