Looking Back: The Incredibly Fast Rise And Fall Of The Struggling E-Commerce Startup Fab

More bad news hit the struggling e-commerce startup Fab last night: The company sent an email telling many of its employees not to show up to work today, likely ahead of the extreme New York City layoffs rumored last week. The company will be cutting around 80 or 90 jobs, leaving a team of around 30 in New York and about 200 people globally. That's down from a high of 700 employees less than a year ago. This lightning-fast downward spiral matches the company's equally quick ascent: It had raised...