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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

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Live Follower Count

Net Worth 🥈

~198.4 Billions

As of: 2024-05-04 08:12

Recently Updated