Fab to buy Finnish furniture maker and build new furniture website

Absrtact: After Fab News of the Flash-purchase website will shut down the service in the current year, co-founder and CEO Jason #8231 Goedeburg Pro in the line of fire, and on 5th, Fab will buy the Finnish furniture maker and set up a new furniture and electricity website

Goedeburg, co-founder and CEO Jason & #8231, has been hit by rumours that the company will buy a Finnish furniture maker and build a new furniture dealer's website after Fab's announcement that it will close its services this year.

It is understood that fab in the last year to obtain 150 million U.S. dollars in financing, including Tencent and Japan's Itochu business, and because of this round of financing, fab company valuation rushed to 1 billion U.S. dollars. However, the FAB personnel after the financing of the continuous.

July last year, the first major layoffs, November, co-founder Bradford & #8231; In March of this year, financial and human capital leaders also left.

In addition, Valleywag, who is concerned about Silicon Valley dynamics and technology Rumours, also published a report this week that Fab will be laying off workers in six months and closing the service by the end of the year.

In this respect, Goedeburg on personal Twitter, said the news is nonsense. Fab, he says, has plenty of money and plans, and time will prove everything.

"Bullshit hateful rumors of@fabshutting down are the ethically that. Bullshit hate. We ' ve got perton of Money&a sound plan. Proof in time.

-jason Goldberg (@betashop) 2014 6.4

In a report published on 5th by Goedeburg, a technology news website Re/code, said that Fab would buy a Finnish furniture design manufacturer and Fab had confirmed the news to Re/code, but did not disclose details such as the name and amount of the furniture maker.

According to the data, Fab began its transformation last June, with more than 5 million members, over 5,000 designers, selling several products per minute and creative products covering more than 20 countries. 44% of the members were among the 25-34-year-olds, and 35% of the site's traffic came from mobile devices, and 50% of users were drawn to share through social networks.