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Timcast IRL

Timcast IRL #657 Pharma LOSES BILLIONS After Fake Tweet, Twitter IN CHAOS w/Corin Nemec, Amanda Milius

Timcast IRL

Timcast Media

Society & Culture, Politics, Entertainment News, News

4.46.9K Ratings

🗓️ 12 November 2022

⏱️ 123 minutes

🧾️ Download transcript

Summary

Tim, Ian, Luke, & Serge join Corin Nemec & Amanda Milius to discuss a big pharma stock tanking after a verified user poses as the official account, Facebook firing over 11,000 employees, GOP winning the Nevada governor race, Mexico using footage from Philadelphia to keep kids off drugs, and over a dozen countries applying to join BRICS. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Twitter is in chaos, man.

0:03.2

So basically what happens is people have been creating accounts, signing up for Twitter

0:07.7

blue on the iPhone, getting instantly verified.

0:10.3

And somebody made a fake Twitter account for Eli Lilly, a big pharma company, and tweeted

0:14.9

that insulin would be free.

0:16.9

And then first thing, their market cap just collapses.

0:20.7

Stock price plummeting billions.

0:23.9

And the speculation is that the fake verified tweet that went viral convinced people that

0:29.4

some big move was happening and it caused chaos in the market.

0:33.3

Twitter has suspended Twitter blue.

0:36.0

You can no longer get verified.

0:37.6

Elon shut it down.

0:38.6

Wow, it's getting crazy.

0:40.6

They brought back the double verification for advertisers.

0:43.3

So now they're verified.

0:44.5

And then they also have a next verification.

0:46.5

You know, if the end result of all of this is that Twitter just blows up, I ain't going

0:50.2

to cry all that much about it.

0:51.6

I mean, isn't that positive to having the social network for sure, but so be it.

0:55.8

It's the activist organizing ground and people who believe in liberty and individualism

1:00.3

are banned from it.

1:01.3

So yeah, okay, fine, whatever.

...

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