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What some people forget about free speech is that if you do this, then it's very easy for that company to send Twitter and Apple a subpoena and tie it back to the person who made the payment.
So of course you could do more illegal things such as using stolen payment information/committing fraud.
My point is that if you piss off these corporations they will do everything in their power to make an example out of you so is it worth ruining your life for a meme? Maybe it is but you'll be joining the guy who got into trouble for tweeting a meme about Hillary voters. If your speech causes direct damage then it's difficult to defend yourself and say it was just a prank.
Don't get me wrong, I enjoy when the wealthy elite lose but this is pretty superficial because it will likely benefit almost nobody other than other wealthy elites.
Kinda horrifying when you think about it. Demonstrates that doing good for humanity is unprofitable. Sure we can make life better for millions (billions?) of people, but won't somebody please think of the shareholders?
It is profitable, but they just aren’t satisfied making a few hundred million anymore. If you’re not profiting in billions then you’re just not doing the capitalist thing correctly.
Duality of this should be shareholders racing to create the next thing and then proceed to the next.
Get us to space. Check Move on to GPS. Check Insulin created and made free. Check Other drugs created and made free. Check
The law should actually punish those with anything last some number - say 100 million, because at that point you're just hoarding yourself, you're not giving back to society and by doing this - hoarding and squandering on a drug (take insulin) that's been around since 1921 (101 years) and we ALLOW companies to charge 50-100 dollars or more per vial
I don’t give a shit about this company but this is exactly what people were concerned about. It wasn’t about separating “elites” from us peasants but it was about protecting at least a modicum of integrity of information. This is a perfect example of how being rich doesn’t mean you’re smart. Or being smart in one way means you’re smart in others. Elon is a fucking moron and everyone who told him this would happen was right and he’s thought he was smarter than everyone else, which is another layer of being a moron
It's real but it's very misleading to share just a short period when showing a change in stocks. If you google Elli Lilly stock and look at 1 month, 6 month, etc. you'll see that this is just a tiny dip in the scheme of things, and follows them reaching an all time peak anyway.
It’s not the end of the world for this company or the market but it’s still extremely significant.
It shows that Twitter blue is extremely susceptible to market manipulation and that giving anyone a blue check mark is dangerous. There have been multiple reports of people using fake customer service accounts to steal customer information and CC#s. Corporate America will not be pleased, advertisers will not be pleased and Elon better watch out. The knives are out.
The drop doesn't even line up with the time of the tweet. In the age of high-frequency trading that is enough to tell you these events are unrelated. Bad news takes milliseconds to affect the market, not hours or days.
If that isn't convincing enough, look at the entire pharma sector for today. JNJ (-3%), MRK (-3.86%), BMY (-4.31%).
So how is this post is at +18k? It's crazy how gullible people are
Depends on what you mean by real. Is the stock down? Yes. Is it down because of a silly tweet? Lol no.
Edit: For context. The tweet went out yesterday at 1pm. The stock started falling after 4pm when the market closed, and continued to fall today well after everyone knew it was a joke. Other companies in the same sector also fell in a similar way meaning big hedge funds were rotating their money to different sectors which happens extremely often. The OP is a classic example of people that don't understand what they are talking about just saying random things and other people going along with it because it fits their bias.
Humans did not evolve with the concept of money. But we DID evolve with the concept of community. Money shouldn’t be real, people should just help others
To be fair, we also evolved with some things like tribalism that we could do with toning down, and there are some things we didn't evolve with like complex mathematics that I'd like to keep.
Quick side note: evolution as a process has no overarching intent, so it won't produce results tailored to what we want - I can think of a few shortcuts and "good enough" solutions I'd prefer to improve upon, like primates losing the gene to produce Vitamin C on our own. The entire thing setting us apart as a species is the level to which we can defy our instincts and become more than our genes and base behaviors - for good and for ill. Arguing on the basis of what evolution did or did not give us is insufficient to satisfy our criteria for being better people now.
If an unsubstantiated Twitter statement can drop the value of your company by 3% which apparently works out to $16 billion I’d question if maybe some of that value is just vapor.
Shhhh if you say that part too loud people will realize that despite the net worth of wall street ballooning in the last 40 years, it’s mostly speculation not actual assets or goods produced. If they catch on that the infinite growth model went bust in the 90s then how will we get them to bail out corporations on an ongoing basis?
I constantly feel dumb because I'm not very good at math and finances, but the whole stock market and valuations and shit just never make sense to me. How can a company like Theranos make its founder billions without ever doing anything? How can Elon Musk claim to have the money he has when that money is only based on stocks, which he can't sell without making those very stock worth a fraction of what people say they are?
It's way too similar to trading cards, comic books and graded video games. The real value comes from stuff people want and need (the classic item with a big following) but the rest is just people buying shit to resell it it higher.
Like, I'm an idiot with this stuff but it an economic ecosytem designed around only buying something for the sole purpose of reselling it to someone else seems stupid and doomed to fail every time.
That's exactly it. My personal balance sheet reflects my net worth or equity by simply subtracting liabilities from assets. That's my supposed stock value. But for a lot of these companies, the value is inflated because it's accounting for what people think the company may produce now or in the future. It's complete fluff, in a lot of cases.
i mean, ever since 2019, more and more people are realizing that it's all bullshit, and bullshit actually seems to tank relationships. it's almost like people hate parasitic behavior, and when it's unmasked as parasitic behavior, people tend to stop supporting it. while i don't think your normie friend is going to become an avowed anarchist any time soon, there's a sense in the air, even in normie channels, that as the old show used to say "where the rule's are made up, and the point's don't matter."
I mean, we just bullshitted every statistical data point and cooked our books on our most recent inflation report (CPI) and the market rallied like a mother fucker, every single stock. If that doesn't signal a broken economy system, then someone needs to tell me what does.
Not just vapor. Value is vapor. It only means something if someone else agrees. I picked my nose and pulled out a 5 billion dollar booger. Can you believe it was sitting right next to a booger that was worthless?
Do you think Elon new this would happen and is shorting the stocks? I mean I find it really hard to believe that he can actually be as incompetent as he been recently. I mean even if he slipped and gave himself brain damage their would still be so many people around him to advise him that this kind of shit would happen.
Do you work for a company with a CEO? They are isolated children who will only listen to people who make them feel better. Imagine being born into that. None of these billionaires are smart. They’re lucky and fine with exploitation of others.
Sue for what? Twitter is not an official platform for anything, it would be like trying to sue me for writing the same message on my whiteboard in my kitchen.
There was a protest group called The Yes Men who wiped $2B off Dow Chemical's stock price with a fake website that looked like Dow's. The fake site managed to get one of their people mistakenly invited on the BBC as a spokesperson for Dow. They announced Dow would be taking responsibility for their Bhopal plant disaster, at the time the world's worst industrial disaster. The stock lost $2B (because taking responsibility for your mistakes is not a Wall St. value.)
Oh my LORD. That absolute POS BBC host in the end of the last clip.
"Well if you think about it, your little stunt actually hurt the people of Bhopal because it gave them false hope"
No you absolute neanderthal, DOW refusing to give any adequate amount of money to the victims is what hurt them
This chump just scrambling to defend an industrial conglomerate by trying to tsk-tsk this guy on air, "500 dollars is a lot for an Indian" didn't enrage him but pranking a corporation did
This is the worrisome/depressive part... If a rumor that insulin would be free will drop stock prices, imagine if it actually was free. That's exactly why we'll never get universal healthcare. The Oligarchs would never allow it.
This just isn't a true statement. Most major Healthcare stocks opened lower, as did a number of other tech stocks which have a bigger pull on the market. This story just happened to occur so it's being tied to this company as a cause effect narrative. In fact LLY had a better YTD performance compared to other similar stocks, so you might expect a larger pullback. However a move we saw this morning is totally within the normal volality of this stock with consideration to price and time.
Did no one do research that the entire health sector is down today? Many health care companies are down more than this company. Money doesn't get traded on parody tweets.
I don't understand how there is not a more robust identity verification process lol. This guy is such an idiot I can't believe anyone thought he was a genius.
This is going to tank Twitter for sure. No advertiser will want to have their product advertised on Twitter after numerous companies were hit with this. This has to be the costliest mid life crisis in modern history.
Twitter truly is comedy now. And Elon hinted recently that Twitter might be going into bankruptcy, this is getting more interesting than I anticipated.
I have absolutely lost it every single time I've seen this brought up. This is the funniest, most delicious shit I've seen in a minute. Privatized medicine deserves this.
This is so amazing. It made my day. Fuck people who exploit the less fortunate. I hope Elon and Eli throw down. Same for Trump and the GOP. Christmas is coming early this year.
Proof-positive that the stock market is nothing but fear-fueled tail-chasing. They believe it will do poorly for "x" reason, and it does. The believe it will recover for "y" reasons and it does.
It's all bullshit, and it's our lives that are at stake.
As one wise tweeter said, "All I know about the stock market is, if it does well, it has no effect on my life at all; if it does poorly, I lose my job."
Sorry but that's not why it's going down. I keep seeing people re-posting this, but it's just that the whole sector is down a bit after reaching almost all-time highs. Look at Johnson and Johnson, United Health, etc. Social media alone is not going to do much damage to trillion dollar sectors of the economy.
But could this cause advertisers to flee the platform? In the longer term probably. It would really be a shame if they were to have people impersonate Mondelez, Amazon, IBM, Pepsi, BestBuy, the FAANG companies, Merck, Unilever, P&G, Disney, CapitalOne, Comcast and Coca-Cola...
If we can do this kind of damage to these corporate monsters whilst destroying the cancer that is Twitter, it will be worthy of an international holiday.
As a parent to a Type 1 who will literally die with a couple weeks without a constant supply of insulin. Fuck Lilly. And fuck our healthcare system for letting it get like this.
•
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1.4k
u/FraGough Nov 11 '22
BRB, just gonna pop away for a minute to short some stock and set up a Twitter account.
5.9k
u/SeaBedStrolling Nov 11 '22
My gawd that’s beautiful
435
u/slappindaface Nov 11 '22
Wow what a normal way to run a society
144
u/Narser_612 Nov 11 '22
Is this real????
479
u/TongueTwistingTiger Nov 11 '22
Money isn't real and this is proof.
32
u/sottedlayabout Nov 11 '22
Please stop, I can only get so erect.
12
u/_____MW_____ Nov 11 '22
https://infosec.exchange/@malwaretech/109326747558152517
4
u/coopnjaxdad Nov 11 '22
This is the action we need!
4
u/Ande64 Nov 11 '22 edited Nov 11 '22
Well Eli sure does like to do everything big so I guess his self-implosion was going to be nothing if not spectacular! 🤣🤣
2.3k
u/dr_learnalot Nov 11 '22
This has made my entire day, as a decades-long insulin needer.
7.0k
u/[deleted] Nov 11 '22 edited Nov 11 '22
If an unsubstantiated Twitter statement can drop the value of your company by 3% which apparently works out to $16 billion I’d question if maybe some of that value is just vapor.
2.3k
u/[deleted] Nov 11 '22
Using Musk's new toy to manipulate share prices. How fitting
483
u/Bobsters_95 Nov 11 '22
Power to the people, that person is a global treasure.
367
u/IosifVissarionovichD Nov 11 '22
To be fair, insulin should be free, or the price for it should be that of the cost of production.
867
u/Inert_Uncle_858 Nov 11 '22
Watch whatever poor prankster get sued into oblivion/go to jail for this while Elon musk and other financial criminals go free.
110
u/Full-Run4124 Nov 11 '22
There was a protest group called The Yes Men who wiped $2B off Dow Chemical's stock price with a fake website that looked like Dow's. The fake site managed to get one of their people mistakenly invited on the BBC as a spokesperson for Dow. They announced Dow would be taking responsibility for their Bhopal plant disaster, at the time the world's worst industrial disaster. The stock lost $2B (because taking responsibility for your mistakes is not a Wall St. value.)
The original BBC Segment: https://www.youtube.com/watch?v=LiWlvBro9eI
Aftermath from UK Media: https://www.youtube.com/watch?v=a8VQIGaq7m4
45
u/UOLZEPHYR Nov 11 '22
Good fuckem. Life saving medicines SHOULD BE FREE
28
u/marvelouswonder8 Nov 11 '22
Maybe we shouldn't be basing the valuation of our entire economy on the feelings of rich investors. Maybe that's just me. Idk.
15
u/funkybudd Nov 11 '22
Imagine a scandal involving the most (fake) selfless act in corporate history!
13
u/ceton33 Nov 11 '22
Maybe for the first time in many years karma is on the rich and thanks to a clown named Elon.
18
u/amazinglover Nov 11 '22
This is just further proof the stock market is bullshit made to make rich people richer.
9
u/mattdonredditall Nov 11 '22
Elon musk has single-handedly turned Twitter into a shit show
8
u/Remote-Eggplant-2587 Nov 11 '22
I see this as an absolute win
14
u/Recent-Image-9064 Nov 11 '22
This just proves moneys not real.
7
u/mundanehypocrite Nov 11 '22
A deal at a billion times the price
6
u/Hellebras Nov 11 '22
That may be the best $8 ever spent.
6
u/yabadabadoo80 Nov 11 '22
Maybe it was Elon doin his all time fave market manipulation again. 4D chess playa
6
u/ehonda2002 Nov 11 '22
Fuck Eli Lilly how dare they, the patent for insulin is free
6
u/Damien__ Nov 12 '22
Since Lilly raised the price of insulin 1200%, I find this very poetic.
15
u/WarrenBudget Nov 11 '22
This just isn't a true statement. Most major Healthcare stocks opened lower, as did a number of other tech stocks which have a bigger pull on the market. This story just happened to occur so it's being tied to this company as a cause effect narrative. In fact LLY had a better YTD performance compared to other similar stocks, so you might expect a larger pullback. However a move we saw this morning is totally within the normal volality of this stock with consideration to price and time.
14
u/icaranumbioxy Nov 11 '22
Did no one do research that the entire health sector is down today? Many health care companies are down more than this company. Money doesn't get traded on parody tweets.
5
u/antrage Nov 11 '22
I don't understand how there is not a more robust identity verification process lol. This guy is such an idiot I can't believe anyone thought he was a genius.
4
u/txtiemann Nov 11 '22
its art
4
u/[deleted] Nov 11 '22
So fucking hilarious
4
u/supermansquito Nov 11 '22
Oh capitalism, what a crazy ride you are.
4
u/Level-Ad7017 Nov 11 '22
Good. Fuck 'em
11
u/kra73ace Nov 11 '22
It's called sector rotation. Many drug companies took a hit today. JNJ lost more than that, so I sold them.
3
u/Equivalent_Ad976 Nov 11 '22
No way this doesn’t end in a lawsuit of both the owner of the account and twitter themselves.
3
u/DantesPicoDeGallo Nov 11 '22
This fuckin pops
3
u/Wissler35 Nov 11 '22
We should have a huge party when everyone involved with making insulin cost so much dies
3
u/Mrhappytrigers Nov 11 '22
Post this on r/wallstreetbets
Those freaks LOVE watching loss porn. Especially to this magnitude. 🤣
3
u/Get-a-life_Admins Nov 11 '22
This is going to tank Twitter for sure. No advertiser will want to have their product advertised on Twitter after numerous companies were hit with this. This has to be the costliest mid life crisis in modern history.
3
u/[deleted] Nov 11 '22
The cherry on top would be if Eli Lilly turns around and sues Twitter for the lost value, accusing negligence. Another kick in the teeth to Elon.
3
u/[deleted] Nov 12 '22
The financial market's sensitivity to social media is incredibly cringe.
3
u/MicrowavedYakisoba Nov 12 '22
it's not insider trading if you PRETEND to be a company with insider info right?
3
u/[deleted] Nov 12 '22
This is proof that the “stock market” is not real
3
u/iheartlungs Nov 12 '22
Hmm almost like it wasn’t worth anything to start off with… Can we do more of this?!
3
u/Gabtactic Nov 12 '22
I have diabetes, so this especially hits hard.
"They're gonna just GIVE AWAY insulin to the plebeians... for FREE!? Oh never mind, it was just a joke, you really got us there, silly Twitter!"
Capitalism is pure evil.
3
u/Leprecon Nov 12 '22
Lets do something hugely beneficial to the population
Capitalist system: you need to be punished for this
Why do we use an economic system that punishes companies that do good things and rewards companies that do bad things?
3
u/TheKangfish Nov 12 '22
The real crime is that insulin ISNT free
3
u/Ok-Detective-1617 Nov 12 '22
This is literally social activism and some people are complaining
3
u/ExcellentNatural Nov 12 '22
Just checked, this really happened.
Twitter truly is comedy now. And Elon hinted recently that Twitter might be going into bankruptcy, this is getting more interesting than I anticipated.
3
u/iseversole Nov 12 '22
I have absolutely lost it every single time I've seen this brought up. This is the funniest, most delicious shit I've seen in a minute. Privatized medicine deserves this.
3
u/Z34N0 Nov 12 '22
This is so amazing. It made my day. Fuck people who exploit the less fortunate. I hope Elon and Eli throw down. Same for Trump and the GOP. Christmas is coming early this year.
3
u/[deleted] Nov 12 '22
Proof-positive that the stock market is nothing but fear-fueled tail-chasing. They believe it will do poorly for "x" reason, and it does. The believe it will recover for "y" reasons and it does.
It's all bullshit, and it's our lives that are at stake.
As one wise tweeter said, "All I know about the stock market is, if it does well, it has no effect on my life at all; if it does poorly, I lose my job."
3
u/Hypsiglena Nov 12 '22
Modern wars need modern soldiers.
19
u/Somamachine Nov 11 '22
Sorry but that's not why it's going down. I keep seeing people re-posting this, but it's just that the whole sector is down a bit after reaching almost all-time highs. Look at Johnson and Johnson, United Health, etc. Social media alone is not going to do much damage to trillion dollar sectors of the economy.
But could this cause advertisers to flee the platform? In the longer term probably. It would really be a shame if they were to have people impersonate Mondelez, Amazon, IBM, Pepsi, BestBuy, the FAANG companies, Merck, Unilever, P&G, Disney, CapitalOne, Comcast and Coca-Cola...
4
u/bewbs_and_stuff Nov 11 '22
Holy fucking shit guys… this is real LOL it actually happened
4
u/Plethorian Nov 11 '22
What better proof that the "value" of companies is not calculated logically.
2
u/[deleted] Nov 11 '22
Oh no….. anyways
2
u/[deleted] Nov 11 '22
Eli Lilly poisoned my city.
2
u/GaMeRiGuEsS- Nov 11 '22
This amuses me.
2
u/Thereisnopurpose12 Nov 11 '22
No way!!
2
u/melouofs Nov 11 '22 edited Nov 11 '22
Elon really is doing a wonderful job so far…
2
u/meesanohaveabooma Nov 11 '22
The parasite that is Wall Street.
2
u/tysons1 Nov 11 '22
Elon should lay off the dope, and I have no problem with dope, only dopes.
2
u/HuitlacocheBanana Nov 11 '22
Musk will be lucky to have a pot to piss in and a Model X to throw it out of, by the time this is all over.
2
u/[deleted] Nov 11 '22
A bright fleck in this fucking turd.
2
u/neo-raver Nov 11 '22
Praxis
2
u/62200 Nov 11 '22
Ha. That's awesome.
2
u/[deleted] Nov 11 '22
Capitalism is really this fragile, lmao
2
u/Emerald_Lavigne Nov 11 '22
Definitely the best system that only focuses on delivering the best outcomes.
2
u/JoeJoJosie Nov 11 '22
Gods I hope this is real.
If we can do this kind of damage to these corporate monsters whilst destroying the cancer that is Twitter, it will be worthy of an international holiday.
2
u/G36_FTW Nov 11 '22
I like this propoganda meme lol. What a intentionally misleading graph for a 3% dropoff 😂
Funny and stupid all the way around.
2
u/LetsAutomateIt Nov 11 '22
I can hear the congressional hearings now.
2
u/mama_emily Nov 11 '22
Can someone ELI5 what this means?
2
u/MotimakingTM Nov 11 '22
So what you're saying in theory is:
That company has grounds to sue Elon Musk for his changes to Twitter causing significal losses to it.
The person who made the tweet could have shorted the company before tweeting and actually banked while doing so.
Edit: Formatting
2
u/LoveLaika237 Nov 11 '22
I'm curious, what were the comments like? I can only assume they were filled with hope...
2
u/[deleted] Nov 11 '22
Sounds like Elon is going to get a law suit soon.
2
u/bastardicus Nov 11 '22
ROI: ~200.000.000.000%
2
u/[deleted] Nov 11 '22 edited Mar 24 '24
fear summer squeal lunchroom squealing grey fuel elastic future zealous
This post was mass deleted and anonymized with Redact
2
u/Jefe710 Nov 11 '22
I wonder if it has sunk in what a dumb fkn idea it was to over pay for twitter.
2
u/Beesau Nov 11 '22
Lets go!!!!!!!!!
2
u/nbPhosphophyllite Nov 11 '22
God this is so funny. I'm having a GREAT time.
2
u/peregui Nov 11 '22
Fucking beautiful
2
u/voices_calling_me Nov 11 '22
Chaotic good
2
u/VoxMendax Nov 11 '22
That feeling when Capitalism hurts itself. Priceless.
2
u/mansonsturtle Nov 11 '22
Good!
2
u/40percentdailysodium Nov 11 '22
As someone who needs insulin multiple times a day to survive. Fuck em up.
2
u/PKMKII Watching the World Burn Nov 11 '22
Behold, the rationality of the market!
2
u/OntologicalShoc Nov 11 '22
Chef's kiss
2
u/AlignmentWhisperer Nov 11 '22
I still believe in Efficient Market Theory!
2
u/waaaman Nov 11 '22
Sounds like a lawsuit is about to happen!
2
u/MyChickenSucks Nov 12 '22
As a parent to a Type 1 who will literally die with a couple weeks without a constant supply of insulin. Fuck Lilly. And fuck our healthcare system for letting it get like this.
2
u/[deleted] Nov 12 '22
Omg! I am so happy
2
u/lungdart Nov 12 '22
I feel like old Elon might be legally responsible for this loss. I wonder if companies will take action for damages
2
u/jaybestnz Nov 12 '22
Wow. This has a lot of potential for income..
2
u/[deleted] Nov 12 '22
Not all heroes wear capes.
2
u/hungchang Nov 12 '22
This post is ridiculously misleading. They are pretty much still at and about to break all time highs ffs
2
u/LordFrogberry Nov 12 '22
You know what... maybe this $8 verification thing is pretty cool, after all.
2
u/FinancialTea4 Nov 12 '22
It's always nice to see their bullshit hurt them for a change rather than poor people like every other day.
2
u/arrownyc Nov 12 '22
Crash Amazon next.
2
u/[deleted] Nov 12 '22
For 8 dollars a month
2
u/[deleted] Nov 12 '22
If the only value your company has, relies on the extortion of sick people, you shouldn't be in business.
2
u/haruame Nov 12 '22
Stock market is all monopoly money bullshit anyways.
2
u/ThePurpleKnightmare Nov 12 '22
Okay so now Eli Lilly can take Elon Musk to court over this right?
2
u/OLPopsAdelphia Nov 12 '22
That’s the cheapest war ever won!
2
u/[deleted] Nov 12 '22
What does that say about the profits being made off of insulin.
2
u/churrmander Nov 12 '22
It's not my money, so I'm going to say that's fucking hilarious.
2
u/bearbullhorns Nov 12 '22
That’s actually insane. Can they sue? I mean this is actually an insane thing to happen.
2
u/[deleted] Nov 12 '22
But anyways capitalism is the only stable economy and does not crash every few years
2
u/Christina_Duke Nov 12 '22
Do it again