Elon Musk Becomes Unlikely Anti-Establishment Hero in GameStop Saga

The billionaire has inserted himself into the confounding stock market drama and solidified his role as the ultimate insider outsider.

Just weeks before Elon Musk became the richest person in the world thanks to the soaring value of Tesla shares, the eccentric billionaire reflected on the fickle nature of the public markets.
“The stock market is a strange thing,” Mr. Musk said in an interview with Business Insider in December. “It’s like having a manic depressive who’s constantly telling you how much your company’s worth. And sometimes they have a good day, and sometimes they have a bad day, but the company is basically the same. The public markets are crazy.”

Elon Musk in Florida in 2018. It was launch day for a rocket built by his company SpaceX, which became the first private company to launch a spacecraft that powerful.Credit...Todd Anderson for The New York Times

A month later, Mr. Musk has inserted himself into one of the most confounding stock market dramas in years — the multibillion-dollar battle over GameStop being waged between elite hedge funds and retail investors communicating on Reddit. On Tuesday, as GameStop shares skyrocketed, Mr. Musk weighed in with a one-word tweet — “Gamestonk!!” — and a link to the Reddit forum where much of the discussion has unfolded. Mr. Musk’s message was seen as an endorsement of sorts from one of the most powerful figures on the web, and in the days that followed, investors bid up the price of GameStop to new highs. It is a spectacle tailor made for Mr. Musk’s live-wire online persona. He is at once a capitalist hero, a glossy magazine celebrity and a bomb-throwing troll with 44 million Twitter followers, inhabiting his role as the chief executive of two major companies with a bravado that most corporate leaders wouldn’t dream of. The richest man in the world is also, somehow, a hero to the anti-establishment crowd, riling up the digital masses one tweet at a time.

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To Run My Best Marathon at Age 44, I Had to Outrun My Past

After 20 years of long-distance competition, I ran my fastest. All it took was tech, training, and a new understanding of my life.

RUNNING IS THE simplest of sports: right foot, left foot, right foot. But the simplicity opens up complexity. There's no ball to focus on, no mat to land on, no one charging toward you with their shoulder down. And so your attention shifts inward. As you run, you're just you—right foot and left foot, nature and nurture, whatever goes on in your mind.

PHOTOGRAPH: IKE EDEANI

My relationship to the sport begins in Bacone, Oklahoma, in the mid-1940s. My father, Scott Thompson, grew up there as the shy, misfit son of a domineering Baptist minister. Frank Thompson, or Granddad, was an imposing oak of a man with eyebrows the size of muskrats. He was a Golden Gloves boxing champion and wanted his only son to obsess about sports, but my father was uncoordinated and athletically indifferent. He wanted to read books and listen to The Marriage of Figaro. Eventually, my dad escaped his unhappy home for boarding school in Andover, Massachusetts. He applied in secret, paying the application fees with money he earned on his paper route. He did well there and won a scholarship to Stanford and a Rhodes Scholarship to study at Oxford. His friends from that time remember him as a flurry of energy, wit, and charisma. After meeting my father on campus in 1960, John F. Kennedy was quoted in The Saturday Evening Post that Scotty Thompson might make it to the White House before he did. After he completed his studies, my father married my mother and began an adult life of constant motion, ambition, and enthusiasm. He barely slept; he began publishing books and became a tenured professor; he made plans to run for office. But he also started drinking too much, smoking too much, going out too much. By the time he was closing in on 40—an age, he would often say, when all men's lives fall apart—he needed some discipline in the fermented mayhem of his days. As he would later tell me, running was the rare sport where you mostly competed against yourself. You could learn without having to lose. It was also something he hadn't failed at in front of his father. In 1980, when my dad started putting on his running shoes, I was 5, and naturally, I wanted to tag along. I remember him driving his car around the block where we lived just outside of Boston with his eye on the odometer. Start at the front door by the boxwoods, turn left and left again. Go two full loops around the block; on the third, stop at the gate in the fence just past the beech tree. That's 1 mile. I remember the triumph of running the whole thing by his side. He was obsessed with his physical appearance, and he would teach me to do push-ups in the backyard and sit-ups with a round metal weight he kept under the bed. He began to race too. On my bedroom wall I have a photo from around that time of him running a 5-mile road race in Maine. He's wearing a red Lacoste polo shirt and socks that could stretch to his knees but are squished down at his ankles.

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Muddled Intelligence Hampered Response to Capitol Riot

New details about what authorities anticipated on Jan. 6 highlight failures to grasp the degree of the threat from pro-Trump right-wing extremists.

On Jan. 4, the intelligence division of the United States Capitol Police issued a report listing all the groups known to be descending on the city and planning to rally for President Donald J. Trump two days later, such as the Prime Time Patriots, the MAGA Marchers and Stop the Steal. The dispatch, a kind of threat matrix, gave low odds that any of the groups might break laws or incite violence, labeling the chances as “improbable,” “highly improbable” or “remote.” But the document, which was not previously disclosed, never addressed the odds of something else happening: that the groups might join together in a combustible mix, leading to an explosion of violence.

A member of the National Guard facing off with a mob of pro-Trump supporters in front of the Capitol on Jan. 6.Credit...Kenny Holston for The New York Times

But just a day earlier the same office had presented a slightly more ominous picture. The Capitol Police’s intelligence division, which draws on information from the F.B.I. and the Department of Homeland Security, warned of desperation about “the last opportunity to overturn the results of the presidential election” and the potential for significant danger to law enforcement and the public. The documents show how the police and federal law enforcement agencies produced inconsistent and sometimes conflicting assessments of the threat from American citizens marching on the Capitol as Mr. Trump sought to hold on to power. That lack of clarity in turn helps explain why the government did not bring more urgency to security preparations for a worst-case outcome. But the decision in the face of muddled intelligence to take only limited measures to bolster security and prepare backup highlights another issue: whether, as some critics have long said, agencies that have spent two decades and billions of dollars reacting aggressively to intelligence about the potential for Islamic terrorism are similarly focused on the full array of threats from the homegrown far right.

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