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Photo: Markus Schreiber / AP

Ikea has acquired TaskRabbit, a San Francisco-based on-demand platform for everyday chores. No financial terms were disclosed, although a source close to the deal puts the price tag south of $75 million. TaskRabbit had raised around $50 million in VC funding.

Why it matters: Well, it's obviously not the ROI for TaskRabbit's venture capitalists. Instead, it's partially because of the novelty of IKEA buying a well-known Silicon Valley startup, and partially because the Swedish retail giant is voluntarily wading into the legal morass of "gig economy" contractors.

Synergy: TaskRabbiters were regularly asked by users to assemble Ikea furniture.

TaskRabbit investors included 500 Startups, Baseline Ventures, Collaborative Fund, Floodgate, Founders Fund, Lightspeed Venture Partners and Shasta Ventures.

Go deeper: "In the US, Ikea delivery starts at $59 and assembly starts at $89, an anachronism in an era of cheap on-demand labor and free two-day delivery. Small wonder that people were turning to TaskRabbit instead." — Quartz's Alison Griswold, who argues that America's DIY spirit is dying.

Go deeper

Updated 1 hour ago - Politics & Policy

Woman who allegedly stole laptop from Pelosi's office faces fresh charges

Photo: FBI

A woman accused of breaching the Capitol and planning to sell to Russia a laptop or hard drive she allegedly stole from Speaker Nancy Pelosi's office faces fresh charges, according to a criminal complaint amended Tuesday.

Driving the news: Riley June Williams, 22, who was arrested in Pennsylvania's Middle District Monday, is suspected of being the woman featured in a video saying, "dude, put on gloves," before a man's gloved hand reaches for the laptop, per the Department of Justice.

Trump grants flurry of last-minute pardons

Photo: Jabin Botsford/The Washington Post via Getty

President Trump issued 73 pardons and commuted the sentences of 70 individuals early Wednesday, 11 hours from leaving office.

Why it matters: It's a last-minute gift to some of the president's loyalists and an evident use of executive power with only hours left of his presidency. Axios reported in December that Trump planned to grant pardons to "every person who ever talked to me."

3 hours ago - Politics & Policy

Trump revokes ethics order barring former aides from lobbying

Photo: Spencer Platt via Getty

Shortly after pardoning members of Congress and lobbyists convicted on corruption charges, President Trump revoked an executive order barring former officials from lobbying for five years after leaving his administration.

Why it matters: The order, which was signed eight days after he took office, was an attempt to fulfill his campaign promise to "drain the swamp."

  • But with less than 12 hours left in office, Trump has now removed those limitations on his own aides.