The Year Observed

Oh, Snapchat! And 2013’s Other Tech Winners and Losers

Buddies! Yahoo CEO Marissa Mayer and Tumblr founder David Karp. (Photo: EMMANUEL DUNAND/AFP/Getty Images)

Snapchat’s Staying Power

Despite being a picture-messaging app whose missives disappear in seconds, Snapchat made clear that it wants to stay on the tech scene for years to come.

Invented by fraternity brothers at Stanford University in 2011, the start-up is still profitless, but it hasn’t lacked for buzz in 2013—or controversy. In February, Snapchat achieved the ultimate start-up status symbol by being embroiled in a lawsuit by a spurned frenemy named Reggie Brown. He claimed that founders Evan Spiegel and Bobby Murphy stole the idea from him, in a Social Network-esque lawsuit. Read More

Linkages

Booting Up: The Bitcoin Crash ‘Is Going to Be Great’

WHO MADE YOU?! (Photo: Silicon Angle)

“Bitcoin is too dependent on speculative mania to be of practical use as a currency,” opines Adrian Chen because Thomas L. Friedman is off this week. [New York Times]

The NSA reportedly monitored the porn habits of six Muslisms’ as part of a plan to discredit them. [Huffington Post]

Fab.com’s Jason Goldberg has no idea how to run a company. [The Verge]

Betabeat’s official store, Target, is launching a startup accelerator in India to tap into the nation’s growing tech sector. [TechCrunch]

Watch everyone’s flights get cancelled from the comfort of your own laptop with the Misery Map. [BuzzFeed]

Life in the Fab Lane

Report: Another Round of Layoffs for Fab

The Decoded Fashion Forum & Hackathon Finale - Fall 2013 Mercedes-Benz Fashion Week

November’s supposed to be a happy time for retailers, an opportunity to separate Americans dazed by tryptophan from their hard-earned dollars with a blitz of red-and-green advertising. But we’re guessing the offices of Fab.com are pretty light on holiday spirit these days. According to AllThingsD, the company is planning still more layoffs. 

That would be the third round of cuts this year. Hasn’t anyone ever told CEO Jason Goldberg about the old bandaid-ripping trick?  Read More

Life in the Fab Lane

Bye Bye Bradford: Fab Cofounder Leaves His Day-to-Day Role

SMILE! (Photo by Stephen Lovekin/Getty Images for Mercedes-Benz Fashion Week)

Another change at Fab: Forbes reports that Bradford Shellhammer, the company’s character of a cofounder, is leaving his day-to-day role as chief designer. He’ll become a non-executive advisor.

Mr. Shellhammer sang a chipper tune on his way out the door, though. “Founding Fab was something I made in this world. And I am so very proud of that,” he wrote in a valedictory blog post, continuing: Read More

Life in the Fab Lane

Fresh Off a Fund Raise, Fab Cuts More Than 100 European Staffers

(Photo by Stephen Lovekin/Getty Images for Mercedes-Benz Fashion Week)

Fab just raised $150 million from investors including Tencent, and supposedly there’s another tranche of the Series D coming. And yet, according to AllThingsD, the company has just laid off more than a hundred of its Berlin-based employees, something like 15 percent of Fab’s total workforce, and an additional 36 are being asked to relocate to New York.

In an interview with AllThingsD, CEO Jason Goldberg spins the layoffs as part of Fab’s flash-sale-free future, swears the company is still committed to Europe and says the new investors knew this was a possibility: Read More

Life in the Fab Lane

Fab Cofounder Swears He’s Just Joshing With You Guys

Live Fab. JUST DO IT. (Photo by Stephen Lovekin/Getty Images for Mercedes-Benz Fashion Week)

Yesterday, Bloomberg News pulled back the hand-embroidered curtain for a look at the office culture of Fab. It sounded like quite a tense environment, with stringent rules about the quality of paper you’re supposed to use and threats to fire people over minor infractions.

Now, in response, CEO Jason Goldberg has taken to his blog (as is his wont) to refute what he calls “blatant misrepresentations.” The rebuttal doesn’t really make Fab sound any less stressful as a workplace, though. Read More