
The Crypting Point
WHAT WAS ELON MUSK PLANNING when he began to quietly buy up Twitter stock in late January of this year? In paperwork filed with the SEC, Musk originally indicated he had no designs on becoming an activist investor, and when his stake—at that point just over 9 percent—was made public in April, Musk accepted an invitation to join the company’s board. A few days later, Twitter CEO Parag Agrawal announced that Musk had changed his mind and would not be joining the board, and less than a week later, Musk announced a takeover offer: he would buy out stockholders at the theoretically humorous price