Fab famously got traction once the cofounders pivoted from gay Yelp to design-focused flash-sales site. But now that flash sales are no longer the darling of the tech industry, Fab is moving on. Hence the company’s announcement at its kindergarten-like West Village HQ last night: ”We’re going to do a little pivot again,” CEO Jason Goldberg announced.
“We’re redesigning Fab as the world’s number-one design store,” he said. “We’re going from flash sales to design store, and we’re going there in a really big way.”
That means a revamped website, products sold exclusively on Fab, brick-and-mortar stores, and the acquisition of a German company offering customizable furniture.
Cornell’s NYC Tech Campus Scores Big Along with his wife, Dr. Irwin Mark Jacobs, founding chairman and CEO emeritus of Qualcomm, announced a $133-million gift to Cornell University and the Technion-Israel Institute of Technology Monday to build and establish the Joan and Irwin Jacobs Technion-Cornell Innovation Institute (JTCII).
Rock The Vote
Fanboys of Firefly/Twin Peaks/Freaks and Geeks are probably infuriated to hear the news that Amazon will let customers decide which of its 14 newly produced Amazon Prime shows will be given a full season run. Although Amazon executives will have the final say, viewer feedback and opinons “matter,” as Amazon’s website constantly reminds you.
Fab.com has made more costume changes than a drag queen. Launched in 2011 as a social network for gay men (name: Fabulis), the company then transformed itself into a flash-sale site selling arty farty tchotchkes. Now, Business Insider suggests, Fab might be gearing up to design its own products. According to a blog post written by Read More
ECommerce Rules Everything Around Me
Internet usage among older adults is on the rise, so it makes sense that retail behemoth Amazon is making moves to tap into that demographic. Today the company unveiled a new specialty store targeting those ages 50 and older.
The online shop has all the things older adults might need, including “hundreds of thousands of nutrition, wellness, exercise and fitness, medical, personal care, beauty, entertainment items and more.”
In the end we’ll all probably need adult diapers–especially if the Singularity comes.
In a stunning gesture of support for EXCLUSIVE airplane journalism, Amazon CEO Jeff Bezos is leading a $5 million round in Business Insider, the web property helmed by Henry Blodget. The news comes following a detailed New Yorker profile of Mr. Blodget, who launched Business Insider after being banned from the securities industry for civil securities fraud.
The Future of the Ebook
As if anyone in the publishing industry needed another reason to view Amazon with suspicion and alarm: Today the goliath announced it’s acquiring literary-themed social networking site Goodreads. Head for your bunkers; we’ve just gone to End of Publishing DefCon 1.
No sooner did Netflix announce its new science fiction show Sense8 than Amazon made its own original content announcement: The company will be developing Betas, a comedy pilot about startup nerds. This is in addition to the recently green-lit Zombieland show, confirmed two days ago.
Take THAT, Reed Hastings!
Turns out having a book on the top of Amazon’s bestseller list does not make you an automatic millionaire. [Salon]
After the announcement that Google Reader would shut down in July, more than 500,000 users have already migrated to Feedly. [The Verge]
Foursquare is reportedly close to closing a Series D round that would value it at less than the valuation from its Series C. [TechCrunch]
According to his lawyer, Matthew Keys’ legal defense is going to be that he was doing work as an undercover investigative journalist. Oh, we can flout the law under the guise of “journalism!”? Brb, going to loot the Apple store. [The Next Web]
An NYU student has invented a gel that can help stop bleeding in wounds. But can it mend college’s primary injury: broken hearts? [New York Post]
The Future of the Ebook
Hey, you know what sounds like a great idea? Giving the juggernaut Amazon any more of a stranglehold on the book business. The Wall Street Journal reports that the Author’s Guild, the Association of American Publishers and those poor bastards at Barnes & Noble are all raising hue and cry in opposition to Amazon’s attempt to stake out such generic top-level domains as “.book” and “.read,” saying it’s a threat to competition.