fab

Social-media and e-commerce site Fancy may not have Pinterest's 25.3 million users or even Fab's 8 million users, but what Fancy lacks in user numbers, the company says, it's making up in mobile traffic and, most importantly, sales.

Fancy, which recently raised another $26.4 million from investors, released some new numbers and announced its new gift card offerings today, touting its mobile success while taking the opportunity to ding its competitors.

Fancy has more than 2 million registered users now, and while that's much less than wildly popular social-media site Pinterest or growing e-commerce … Read more

Samsung's multibillion dollar component supplier partnership with Apple is beginning to unravel, according to a South Korea-based report, which quotes a Samsung official.

Though Samsung makes Apple's newest A6 chip used in the iPhone 5, the relationship between the two companies has changed substantially, according to a report in Korea Times.

"Apple...has made it clear it will no longer use its rival's technology, according to a senior Samsung official," the report said.

The report continues, quoting an anonymous Samsung official speaking about the A6 chip. "Apple did all the design and we are … Read more

Fab, the quickly growing e-commerce startup that uses flash sales to sell products, is already making money off mobile, but it says it's about to make much more.

Expected to reach 8 million users in just a few days, Fab has released new mobile apps that CEO Jason Goldberg said will help make Fab even more mobile.

Fab's mobile apps contribute to 33 percent of the company's daily traffic and sales, but Goldberg said he expects that number to hit 50 percent during the holiday season and even higher by early next year.

"The secret of … Read more

Fab, a social media-driven online retail site, is growing fast -- like 1-million-users-a-month fast -- and it's going all out to propel that growth by buying up the splashiest display ad Facebook offers.

Never mind that some marketers complain about the effectiveness of advertising on Facebook. Fab founder and CEO Jason Goldberg says Facebook ads pay off, and then some. Which is why for a 24-hour period -- which started at 9 p.m. PT Thursday night -- Goldberg ponied up an undisclosed amount to buy Facebook's so-called "log-out" ads that appear when members sign out … Read more

Design-focused shopping site Fab hopes to expand its global footprint and increase its warehouses and inventory with the $105 million its secured in a third round of funding, Fab CEO Jason Goldberg said in the company's blog post today.

The new round of financing was led by investment firm Atomico, which is also helping Fab expand its site globally, starting with London, Tokyo, Beijing, Sao Paulo, and Istanbul. Atomico's other investments include Skype and Rovio, the maker of Angry Birds.

"We believe that we have a special opportunity to create one of the world's next great … Read more

Intel will do what many would consider, at the very least, unusual: make the very kind of chip that it has vowed to crush.

That would be ARM, Intel's biggest nemesis.

First a little background. Intel is the world's largest chipmaker because it owns the x86 design that Apple and all of the world's PC makers use for laptops, desktops, and servers.

But Intel's x86 chips must compete mightily these days against ARM, the chip of choice for smartphones and tablets. Those chips are supplied by Nvidia, Texas Instruments, Qualcomm, and Samsung.

So, this is where … Read more

President Obama will visit a chipmaking region in New York that includes a just-completed Globalfoundries manufacturing facility, one of the most advanced in the world.

Globalfoundries (GF) announced that it will take part in hosting a visit by President Obama on May 8 at the College of Nanoscale Science and Engineering's (CNSE) NanoTech Complex at the State University of New York in Albany. The President's visit was originally planned to be held at Globalfoundries new Fab 8 facility but was moved to CNSE for logistical reasons, according to the chipmaker.

Fab 8 -- located in Malta, N.Y. … Read more

The team of Marc Andreessen and Ben Horowitz, a duo since the go-go Netscape days of the mid-1990s, is on fire.

Today, their 3-year-old venture capital firm, Andreessen Horowitz, announced that it has closed its third fund--this one, $1.5 billion, brings the total amount they've raised to $2.7 billion, which isn't bad for a time when VC returns have been lackluster, at best.

Andreessen Horowitz now has stakes in 90 consumer and enterprise businesses, including some of the hottest names in tech: Zynga, Facebook, Twitter, Airbnb, Foursquare, Box, Groupon, Fab, Uber, and on and on. … Read more