Fab.com now has around 10 million users. The service is used in 26 countries and they have sold around 4.32 million products thus far. The company had a couple of $1 million days in 2012. Products sold on Fab.com are very unique. Around 90% of their goods cannot be found on Amazon.com. Fab.com sells goods like jewelry, art, and furniture. Around two-thirds of their sales are from repeat customers. The company is not yet profitable, but they did beat their 2012 revenue goal. The company hit around $100 million in 2012 sales and they generated around $150 million total.
Posts From December 31st, 2012
Yahoo! is shutting down their operations in South Korea today. There will be a loss of several hundred jobs there as a result. Yahoo! has been in South Korea for around 15 years. “Yahoo will halt all products, services and content of Yahoo Korea starting Dec. 31 in addition to ending customer support in Korea on the same day,” stated Yonhap News.