Elon Musk’s X Corp Acquires Tech Talent Recruiting Service Laskie; First Acquisition Since Twitter Purchase
- ByStartupStory | May 16, 2023
According to an individual familiar with the situation, Laskie, a tech talent recruiting service, has been acquired by X Corp., the parent company of Twitter, marking its first acquisition. The acquisition was made by Elon Musk, the founder of X Corp.
According to an anonymous source familiar with the matter, Elon Musk’s X Corp, the parent company of Twitter, has acquired a tech talent recruiting service called Laskie. The deal, which included both equity and cash, has recently been finalized. Laskie’s platform aims to connect potential employers with tech talent and offers tools to facilitate communication and streamline the hiring process.
Since acquiring the social media service for $44 billion in October, this acquisition marks one of the billionaire’s first significant initiatives. Musk has made several moves to downsize the platform since then, including firing a significant portion of its staff and reducing its server footprint.
Following his purchase of Twitter for $44 billion in October, Elon Musk has made his first major initiative with the acquisition of Laskie, a tech talent recruiting service. The deal, which was partly in equity and partly in cash, has already been closed. Musk aims to expand the social media platform, having appointed a new CEO to enhance the company’s reputation among advertisers. He has expressed plans to turn Twitter into an “everything app” that offers various features such as financial services in an attempt to attract more users.
It is not clear how Elon Musk plans to incorporate Laskie into his holding company. Laskie’s website currently displays a message stating that the platform is no longer available. Chris Bakke, the founder of Laskie, is a popular tweeter with over 140,000 followers, including Musk. Bakke often shares viral jokes and provides commentary on the tech industry.
Laskie’s acquisition by X Corp, the parent company of Twitter, was previously reported by Axios. Bloomberg Beta, which is a part of Bloomberg LP, has invested in Laskie.
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