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Elon Musk

Elon Musk409 posts

Elon Musk is a South-African born Canadian-American engineer, inventor, and entrepreneur, born in 1971. He was a co-founder of PayPal, which was sold to Ebay for $1.5 billion. He then founded Space Exploration Technologies (SpaceX) and Tesla Motors. He is chief executive and chief designer at SpaceX and CEO and head of product design at Tesla and chairman of Solar City. Musk purchased Twitter in September 2022.

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4 Oct, 2022

Musk to buy Twitter at original price, share trading halted

Acquisition0 Comments

Trading in Twitter shares is halted as the stock spiked following reports that Musk is planning to buy the company for his original offer price of $54.20 per share. The shares had been up by 13% at $47.95 before trading was paused following the news. Twitter and Musk were due to be in court later this month as the company attempted to hold Musk to his original $44bn offer, made in April.

Musk had wanted to back out of the deal over the number of bot accounts on the platform, which he said was above Twitter’s estimate of 5% of users. The takeover deal has already received approval from Twitter shareholders.

28 Oct, 2022

Musk completes takeover of Twitter

AcquisitionClosure0 Comments

Musk completes his $44 billion takeover of Twitter.

the bird is freed

Later:

let the good times roll

16 May, 2023

X Corp acquires tech recruiting platform Laskie

Acquisition0 Comments

In its first deal under Musk’s leadership, Twitter’s parent company X Corp acquires Laskie, a talent recruitment tool. Though the exact price of the acquisition is unclear, it was apparently “tens of millions” of dollars, with the deal including cash and equity elements.

Laskie is a San-Francisco based startup founded in 2021 by current CEO Chris Bakke, and apparently has somewhere between 11 and 50 employees. Its aim has been to connect tech talent with employers using tools that are “designed to make your job search faster, more efficient, and less stressful,” but now the platform’s website displays a message saying its platform is “no longer available.”  Twitter has not publicly confirmed the deal.