Twitter is Creating LinkedIn Competitor with Startup Acquisition of Laskie

May 16, 2023 08:26 By X

~2 min read

Last Updated: Oct 12, 2023 17:07

Twitter is gearing up to make a groundbreaking move in the professional networking arena under the visionary leadership of Elon Musk. With the recent acquisition of Laskie, a San Francisco-based job-matching tech startup, Musk's influence is set to transform Twitter into a multi-dimensional platform. This development, which marks Musk's first deal since taking over Twitter in 2022, demonstrates his commitment to innovation and his aspiration to create the ultimate app, known as *X,* with extensive capabilities including payments.

Laskie, founded in 2021, has rapidly gained recognition for its disruptive approach to recruitment. By leveraging cutting-edge technology, the startup has successfully connected job seekers with their ideal career opportunities. Now, with the backing of Twitter and Musk's entrepreneurial expertise, Laskie is poised to achieve even greater heights and revolutionize the professional networking landscape.

Elon Musk's strategic decision to merge Twitter Inc. with X Corp sets the stage for a new era of possibilities. By integrating Laskie's advanced job-matching technology into Twitter's platform, Musk aims to create a comprehensive ecosystem that caters to diverse user needs. This move not only showcases Musk's bold vision but also positions Twitter as a formidable competitor to industry giants like LinkedIn, sparking excitement and anticipation among enthusiasts.

Chris Bakke, the founder and CEO of Laskie, brings invaluable experience and expertise to the table. Having previously sold a startup to the renowned online job board Indeed, Bakke's track record in the recruitment industry is exemplary. With Musk's backing, Bakke's team at Laskie can unleash their full potential and drive transformative change, benefiting both job seekers and employers alike.

While there is no official confirmation from Elon Musk or Twitter regarding the Laskie acquisition, enthusiasts eagerly await more information about the deal. As the news unfolds, the tech community is buzzing with excitement, envisioning the synergies that will emerge from this collaboration. The integration of Laskie's technology into Twitter's platform has the potential to create seamless job-matching experiences and empower users to connect with their dream career opportunities.

In conclusion, Elon Musk's strategic acquisition of Laskie signals Twitter's bold entry into the professional networking space. This move not only highlights Musk's visionary leadership but also showcases his commitment to creating innovative solutions. With Laskie's expertise and Musk's guidance, Twitter is poised to revolutionize professional networking, offering users a comprehensive platform that caters to their social and career needs. As the industry eagerly awaits further developments, it is clear that Musk's influence will continue to shape the future of Twitter and redefine the way we connect and collaborate professionally.

Twitter, under the leadership of Elon Musk, has reportedly made its first acquisition since the renowned entrepreneur took over the social media platform. The company has acquired Laskie, a San Francisco-based job-matching tech startup, signaling its foray into the professional networking space. While there is no official confirmation from either Musk or Twitter, Axios has learned about this significant development.

Twitter Ventures into Professional Networking: With the acquisition of Laskie, Twitter is taking a step towards expanding its services beyond the realm of social media. Founded in 2021, Laskie has primarily focused on revolutionizing the recruitment industry by leveraging technology to connect job seekers with suitable opportunities. The acquisition could position Twitter as a formidable competitor to LinkedIn, the current leader in the professional networking space.

A Strategic Move by Elon Musk: Elon Musk, who purchased Twitter in late 2022, has been vocal about his vision of creating X, an all-encompassing app that includes payment functionalities. In a recent move, Musk dissolved Twitter Inc. and merged it with #X Corp, laying the groundwork for a new era for the social media giant. The acquisition of Laskie aligns with Musk’s ambitions to diversify Twitter’s offerings and capitalize on the growing demand for professional networking solutions.

Laskie’s Impressive Track Record: Laskie’s founder and CEO, Chris Bakke, brings a wealth of experience to the table. Having previously sold another startup to the renowned online job board Indeed, Bakke has demonstrated a keen understanding of the recruitment industry. Laskie’s technology-driven approach to job matching has garnered attention and helped job seekers find suitable opportunities while enabling employers to connect with talented individuals efficiently.

No Official Confirmation Yet: Despite reports of the acquisition, there has been no official confirmation from Elon Musk or Twitter regarding the deal. This lack of official information has left industry observers eager for more details about the acquisition’s financial terms and Twitter’s plans for integrating Laskie’s technology into its platform. As the news unfolds, the industry eagerly awaits an official announcement to gain deeper insights into Twitter’s strategic direction.

Conclusion: Twitter’s reported acquisition of job-matching startup Laskie marks the company’s entry into the professional networking space. Under the stewardship of Elon Musk, Twitter is making strides to diversify its offerings beyond social media. By capitalizing on Laskie’s innovative technology and expertise in recruitment, Twitter aims to challenge existing players and carve out a significant presence in the professional networking industry. As the deal awaits official confirmation, the tech and business communities eagerly anticipate further details about this intriguing development.

Source: Reporting by Axios

Twitter's latest move under the leadership of Elon Musk has raised eyebrows and invited skepticism from critics. The acquisition of Laskie, a job-matching tech startup, by the renowned entrepreneur has left many questioning his motives and the future direction of Twitter. Musk, who purchased Twitter in 2022, has been vocal about his grand plans for an all-encompassing app called *X.* However, this acquisition only fuels concerns about his consolidation of power and the potential ramifications for users.

Laskie, founded in 2021, has garnered attention for its recruitment-focused approach. While the startup's innovative technology may hold promise, its acquisition by Twitter, under Musk's influence, raises questions about the company's true intentions. Critics fear that Twitter's expansion into professional networking could lead to further monopolization and a decline in the diversity of social media platforms.

Elon Musk's recent dissolution of Twitter Inc. and its subsequent merger with X Corp has added to the uncertainty surrounding the acquisition of Laskie. With limited official communication from Musk or Twitter, stakeholders are left in the dark about the long-term implications of this deal. The lack of transparency fuels skepticism and raises concerns about the potential misuse of user data or the creation of a platform dominated by Musk's personal agenda.

Chris Bakke, the founder and CEO of Laskie, may bring experience to the table, but critics argue that his startup's acquisition by Twitter is a consolidation of power that stifles competition. By absorbing promising startups, Musk's influence over the industry grows, potentially hindering innovation and limiting choices for job seekers and employers. The fear of a monopolistic landscape looms large.

The absence of official confirmation regarding the acquisition of Laskie further deepens the skepticism surrounding Musk's motives. Critics believe that Musk's actions should be subjected to rigorous scrutiny, considering his controversial track record and statements in the past. The lack of transparency only fuels suspicions that Twitter's acquisition of Laskie may serve Musk's personal interests rather than benefiting the broader user base.

In conclusion, Elon Musk's acquisition of Laskie for Twitter's expansion into the professional networking space has ignited skepticism and concerns among critics. The lack of transparency, combined with Musk's consolidation of power and his grand plans for an all-encompassing app, raises doubts about the future direction of Twitter. Skeptics argue that this move may contribute to the further monopolization of the industry and limit users' choices, signaling potential negative consequences for the social media landscape.

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Twitter is Creating LinkedIn Competitor with Startup Acquisition of Laskie

Further Reading...

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Twitter Merged into X Corp by Elon Musk, a new All-in-One App on the Horizon

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~198.4 Billions

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