Elon Musk takes a step towards building an empire

Elon Musk takes a step towards building an empire

Elon Musk

Musk is inching closer to his goal of creating an ‘everything app.’

The barely-organized chaos that is Twitter  (TWTR) – Get Free Report has taken a few more dramatic turns in the past weeks.

Elon Musk announced that he had identified a new CEO — NBC Universal’s Linda Yaccarino — and said that she would be taking over next month.

Musk, amid a series of updates to Twitter — including encrypted DMs and voice and video chat — is also positioning the platform to compete with YouTube.

Now, Musk seems to be positioning for another evolution of the platform, one that seems to point in the direction of Musk’s desired ‘everything app.’ 

Twitter, according to both Axios and The Information, has agreed to acquire a technology recruitment startup in the first public acquisition made by Musk’s Twitter.

The company, which was founded in 2021, had raised a total of $6 million in funding, according to Axios.

The acquisition — which involved a mix of cash and stock, according to The Information — valued Laskie in the low tens of millions. As part of the deal, Laskie’s two founders (Daniel O’Shea and Chris Bakke) and five of their workers have been employed by Twitter.

In response to a user last week, Musk acknowledged the value of developing a dating app on Twitter, saying “interesting idea, maybe jobs too.”

Laskie was designed as a recruitment and matching app for people and companies in the technology sector. Companies could use the platform to apply to job-seekers, and job-seekers could apply to companies.

Their goal was to make the job search “faster, more efficient and less stressful.”

Laskie’s website, as of May 16, reads: “The Laskie platform is no longer available.”

Laskie founder Chris Bakke has not yet responded to The Street’s request for comment.

News source

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest