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.