Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
KPMG Australia Chairman and Senior Partners Exit Amid Escalating Whistleblower Scandal 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
Trump’s Quantum Push Lifts IBM Stock as CEO Arvind Krishna Receives White House Praise 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates 
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi 
Twitter had to quickly suspend its $8 verification scheme via the Twitter Blue subscription after a wave of fake accounts impersonating major companies flooded the platform. But Twitter owner Elon Musk says that it should be available again before the week ends.
The all-new Twitter Blue had a rough first week after several account owners took advantage of the $8 blue checkmark to troll some legitimate companies on the platform. By last Friday, reports circulated that Twitter appeared to have temporarily stopped taking new Twitter Blue subscriptions.
Musk, however, assured his followers that the new Twitter Blue is not going away for good. When asked last Saturday when the $8 blue checkmark scheme will return, Musk said, “Probably end of next week.” It means Twitter users should be able to pay for a verified account again before the end of the current week.
From Twitter / @elonmusk
The sudden suspension of Twitter Blue came after a wave of fake accounts that paid for the blue checkmark started impersonating a number of huge companies. One of the biggest Twitter-related headlines last week involved the pharmaceutical giant Eli Lilly, whose real Twitter page uses the handle @LillyPad. An impersonator with an $8 “verified” account using the handle @EliLillyandCo tweeted what looks like a one-sentence announcement on Friday, saying Eli Lilly will make insulin free. The company’s stock price dropped 4.45% to $352.30 the same day.
A similar incident aimed at aerospace and defense company Lockheed Martin. A fake, blue-checkmarked account with the handle @LockheedMartini tweeted, “We will begin halting all weapon sales to Saudi Arabia, Israel, and the United States until further investigation into their record of human rights abuses.” The company’s stock reportedly fell 5% following the fake announcement on Twitter. Lockheed Martin’s real Twitter handle is @LockheedMartin.
The verification process was one of the biggest changes that happened to Twitter since Musk took over, along with the layoffs and reported cancellations of partnerships with contractors. Instead of having to submit to an actual process to verify a user’s identity and line of work, Musk made the blue checkmark available to anyone willing to dish out $8 a month, at least, in regions where the service is available.
Photo by greenwish _ from Pexels
