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
Fab.com, a design focused e-commerce site that runs flash sales, is doing an impressive job racking up really big numbers.
The site, in its current iteration, is just eight months old and is already boasting that it's about to hit 2 million members, likely making it the fastest growing e-commerce site on the planet.
That's impressive, for sure, especially given that until Wednesday, Fab.com wasn't open to all; you had to request an invite and Fab would send you an e-mail within a day or two welcoming you to the party.
That in itself was … Read more
President Obama paid a visit to Intel's Chandler, Ariz., chip plant today, praising the chipmaker for keeping high-tech manufacturing jobs in the U.S.
Here are some excerpts from his remarks. The event was streamed live at whitehouse.gov.
An America that makes more: "I'm here because the factory being built behind me is an example of an America that is within our reach. An America that attracts that next generation of good manufacturing jobs. An America where we make stuff and sell stuff all over the world...We can't go back to a economy weakened … Read more
On Wednesday, President Obama is due to visit an Intel plant in Arizona. Here's why.
Obama aims to highlight manufacturing in America--one of the State of the Union's themes--and it's hard to find a better example of that than the world's leading chipmaker. Intel is now one of America's foremost manufacturers, boasting some of the most sophisticated manufacturing facilities in the world, many of them sprinkled throughout the U.S.
President Obama will visit Intel's Arizona plant on Wednesday in a nod to Intel's abiding U.S. manufacturing presence.
On Wednesday, following his State of the Union address Tuesday night, Obama will travel to Phoenix to deliver remarks at Intel's Ocotillo campus in Chandler, a suburb of Phoenix.
The Arizona plant, designated Fab 42, is under construction now, with completion expected in 2013.
That plant will produce Intel's next generation of processors built on its 14-nanometer technology. To put that into perspective, Intel's upcoming "Ivy Bridge" processors, due in systems this spring, use … Read more