fab

We may look back on this week as one of the true nadirs in America's post-9/11 efforts to lead the world, a series of events that make the failures of America's shallow strategies, of both Republican and Democratic administrations. It is a particular low point for President Obama.
The story of Fab, the site that was once hailed an industry darling and has since crumbled, is a familiar one in the tech world. Fortune called the company a "black eye" in the portfolio of its investors.
What good are bank accounts if people do not use them and if banks have little incentives to service them?
A design shopping site emerges, investors line up, and soon Demi Moore is tweeting about sales and signups go moonward. It all happened. Fab now has 160 design-obsessed staffers. We stammer when we say it too -- one-sixty. They had 10 when Fab launched 11 months ago.