Billionaire Elon Musk, who has made an offer to purchase the social media website Twitter for $44 billion in a desperate cry for help, is having second thoughts, and trying to maneuver himself out of the deal.
According to sources close to the Tesla and SpaceX CEO, Musk's initial excitement surrounding the potential acquisition has waned significantly as he realized that the attention and validation he sought were likely to be short-lived, and not the long-term solution to his emotional needs.
"He went into this deal with a mindset that owning Twitter would somehow fill the void inside of him," said Dicky Bloads, a tech industry expert. "But as the reality of the purchase set in, the void only grew larger. And stronger."
The legal community is largely in agreement that whether or not the purchase of Twitter is the antidote for the self-loathing that rages inside of Musk, he is likely on the hook for the deal.
“The Securities and Exchange Commission is not generally open to that argument,” said Linda Nucklebaum, an attorney specializing in corporate acquisitions. “Plus, in these sorts of disputes, everyone on both sides is emotionally helpless and putting on a facade simply to get through their day, so it tends to even out.”