Kevin Montgomery · 10/21/14 04:50PM

Fab.com is still fucked. The startup's co-founder Jason Goldberg told TechCrunch that Fab, which once raised $150 million and commanded a $1 billion valuation, was burning $14 million a month before layoffs. Now the decor startup is down to just 25 employees.

Fab.com Is Probably Dead This Year

Sam Biddle · 06/04/14 10:40AM

There hasn't been a single piece of good news from Fab.com in a very long time. Layoffs, mismanagement, plummeting morale, and executive reshuffles have erased Fab's early rep as a cheery decor startup with tons of money in the bank. Now, the bad can't get much worse: we're hearing Fab is already starting to shut down.

Sam Biddle · 05/15/14 09:39AM

We're hearing more terrible things to come from online throw pillow emporium Fab.com: a source close to the company says "Fab is going to reduce its NY office down to 20 to 25 people" (down from a few hundred) and is "selling their warehouse in NJ." That would be a complete meltdown.

Fab.com CEO Jason Goldberg Wrote a Jerry Maguire Memo to Himself

Nitasha Tiku · 04/21/14 02:15PM

When Jerry Maguire sat down in front of his personal computer in 1996 to type out a longform business sext entitled "The Things We Think and Do Not Say: The Future of Our Business," did he know that it would take 18 years for another entrepreneur to replicate that kind of startup straight talk express?

Nitasha Tiku · 02/28/14 05:28PM

The Wall Street Journal reports that two more execs have left Fab, the once spendthrift and now struggling ecommerce company, including CFO David Lapter. A leaked memo from CEO Jason Goldberg recently named Lapter as one of the "refounders" who would guide Fab from 2014-2017.

Fab Canned 81 Employees Today

Sam Biddle · 11/14/13 03:46PM

As expected, only more: Fab.com has confirmed it just gave 81 employees (73 full-time, and eight temps) at the shopping site their three-month notice.

What's Happening at Layoff-Shaken Fab.com Right Now

Sam Biddle · 10/04/13 11:36AM

Yesterday, trendy online furniture and bow tie warehouse Fab canned a full fifth of its company. Here's the (leaked) email sent to everyone who wasn't fired, detailing what the company will do the day after a bloodletting:

Investors Say Fab.com Is Worth $1 Billion

Sam Biddle · 06/19/13 08:53AM

That's really the magic number now, huh? AllThingsD reports that the super-chic chair and bauble site just raised $150 million dollars, bringing its valuation to a billi. “I don’t consider us a success yet," says Fab's co-founder.