9/28: Ikea has bought TaskRabbit; A new Amazon plant stalled in the Philly suburbs

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Ikea has bought TaskRabbit (Recode)
First Round Capital was a seed funder of TaskRabbit; Ikea USA is based in Conshy, though its not purely a US acquisition.

"Last September, CEO Brown-Philpot said TaskRabbit was cash flow positive in its cities, and close to reaching profitability overall."

Behind Ikea’s purchase of Taskrabbit, Amazon looms (San Francisco Chronicle)

Ikea is buying TaskRabbit because America’s DIY spirit is dying (Quartz)

A new Amazon plant stalled in the Philly suburbs (Philly.com)
"Harrisburg, which wants to put Amazon in an ex-psychiatric hospital;"

Roku skyrockets on opening day of trading—jumps more than 50% (CNBC)

Roku IPO: Shares jump 68% as investors bet the firm can fend off Amazon, Apple and Google (LA Times)

Here are all the cities near Philly vying for Amazon's new HQ (Curbed Philly)

How David Vey’s technology investment led to a slew of financial and legal problems (Greater Baton Rouge Business Report)
Louisiana real estate guy has had big problems since investing in King of Prussia-based software firm Sedona.

USI Insurance Services Acquires Exton-based David M. Banet & Associates (Insurance Journal)