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Mergers & Acquisitions

Twitter Acquires Job Platform Laskie in First Major Deal Under Musk

Elon Musk avid user of Twitter
CEO Elon Musk, Twitter

Twitter has acquired Laskie, a tech talent recruiting service that uses artificial intelligence to match job seekers with potential employers. The deal, which was reportedly worth tens of millions of dollars, is the first major acquisition by Twitter since Elon Musk took over the company in October 2022.

Chris Bakke, who had previously sold another startup to the online job board Indeed, founded Laskie in the year 2020. The company’s technology utilizes artificial intelligence to match employment applicants with prospective employers based on their skills, experience, and interests. Over 100,000 job seekers and 5,000 employers have already used Laskie’s platform.    

Twitter CEO Elon Musk has stated that he intends to create a “super app” for the social media platform that offers multiple functions to its users. The acquisition of Laskie could be seen as a step towards that goal, as it would allow Twitter to offer its users a more comprehensive job search experience.

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“We’re excited to welcome Laskie to Twitter,” Musk said in a statement. “Laskie’s technology is a great fit for our mission to help people find their purpose in life. We believe that by integrating Laskie’s technology into Twitter, we can make it easier for people to find jobs they love.”

The acquisition of Laskie is a significant development in the online job search market. By integrating Laskie’s technology into its platform, Twitter has the potential to become a significant player in the online job search market. This could make it harder for other job boards to compete, and it could result in reduced prices for job seekers.

 Unknown is how the acquisition of Laskie will impact its current users and the job search market as a whole. However, the deal is a sign that Twitter is serious about expanding its offerings and becoming a more comprehensive platform for its users.

The acquisition was initially reported by Axios and subsequently confirmed by Bloomberg, citing an unnamed source who stated that the “part-equity and part-cash” transaction had recently closed.

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