Last Thursday, furniture giant IKEA announced that it would be acquiring
the pioneering on-demand labor marketplace TaskRabbit. While the purchase
price was undisclosed, leaked reports indicated that TaskRabbit last raised
in 2016 at a valuation of just $40M, a significant down round from its
previous $120M raise.

Today, we’ll look at the growth dynamics behind the gig economy, and why
some companies flourished while others like TaskRabbit struggled to
maintain their foothold.