Fab was a company that you might remember seeing ads for everywhere around 2012, including TV commercials. It’s that heavy spending on marketing that helped doom the company, along with rapid expansion and other problems. The site still exists under new owners, but the company that started it was once a startup worth $1 billion. Two years later, it was dead. What happened? [More]
You may remember Fab.com from when people were posting affiliate links from them to your Facebook feed almost constantly. The company was massively successful as part of the recession-era flash-sale boom, combining discounts with well-curated products. That model led the company to have hundreds of employees and a $1 billion valuation. Then that business collapsed. Now the Fab.com brand has been sold for…well, the companies involved aren’t disclosing how much the final sale price is. [More]
Fab.com began its existence as a social networking site for gay men, but evolved into a a curated flash sale site for home goods, art, and accessories. There just aren’t as many cut-rate luxury goods around as there used to be, though, and the company has culled off 70% of its employees. Now some customers report that no one is picking up the phone. [More]
Last week, an artist accused Nebraska-based tchotchke wholesaler Cody Foster & Co. of taking her paintings of cool jacket-wearing Nordic animals and turning them into three-dimensional Christmas ornaments of cool jacket-wearing Nordic animals. They had sort of forgotten to ask her first, or compensate her. Since then, retailers have been publicly cutting ties with Cody Foster & Co. [More]
Consumerist reader M.L. has more than a few bones to pick with Fab.com over a botched order, the least of which is that it can’t differentiate between its color variations on its own site. She ordered a long-sleeved shirt in Dim Gray on April 24, a shirt that appears almost white, and was disappointed to receive a very dark gray shirt instead. Dim Gray turned out to be an elusive prey.