USA | May 16, 2023

Twitter makes its first acquisition under Elon Musk

/ Our Today

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(Photo: REUTERS/Dado Ruvic/Illustration)

Buys job-matching tech startup Laskie

Twitter has just completed its first acquisition under the Elon Musk era gobbling up job-matching tech startup, Laskie

Axios broke the news of the acquisition, which was latter corroborated by Bloomberg, citing an unnamed source, who said the “part-equity and part-cash” deal had closed recently. No sale price has been disclosed.

Laskie’s website has been replaced with a blank page that says the “platform is no longer available.” The website previously helped match tech job seekers with employers based on details from their profile and employer’s requirements, circumventing the traditional job posting and application process.

FILE PHOTO: Elon Musk . REUTERS/Jonathan Ernst

This is Twitter’s first known acquisition under Musk’s leadership, as well as a transaction that helps fulfill the world’s richest man’s aspirations to the social media platform into a “super-app” that offers users multiple functions, including payments.

Musk bought Twitter in October last year in a US$44 billion deal, vowing to transform it into a so-called “everything app.” His closing of the deal, which followed months of drama and legal challenges, as Musk changed his mind about buying the company, setting Twitter on an uncertain course.

No comment on the acquisition

Musk, Twitter’s new Chief Executive Officer (CEO), Linda Yaccarino, and Laskie Founder and CEO, Chris Bakke have yet to make a comment about the acquisition. It is also unclear if Twitter plans to integrate Laskie’s job-matching service on its platform or allow it to continue running independently.

Laskie’s website now says the service is no longer available, but its LinkedIn page describes it as helping job-seekers quickly find good job matches. Laskie raised US$6 million in total funding, per PitchBook.

Founded in 2021, the San Francisco-based startup has focused on recruiting. Bakke previously sold another startup to online job company, Indeed.

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