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DEC 10, 2013 - Yahoo! News

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Fab CEO Says Fab Is Doing Great, Doesn’t Know Who Told You Otherwise

Settle down, everyone! Despite several rounds of layoffs, a complete rejiggering of its executive ranks and being one pivot away from morphing into the dollar section of a Target, Fab is doing fine, CEO Jason Goldberg insists. At its peak, Fab employed 700 workers, with half of them eventually being axed. Since Fab's business model of being a flash sale site wasn't working, Mr. Goldberg had to shift gears from its  impending "death spiral" and go through massive layoffs in both its US and European offices. And people close to Goldberg and Co. lambasted the media (hi!) for Fab's drab ... Read More

Tags: Fab CEO Says Fab Is Doing Great, Doesn’t Know Who Told You Otherwise,  Fab Latest News