LG starts making its own processors, reportedly with help from TSMC
The eight-core Nuclun application processor is LG’s first in-house effort, with a debut slated for this week in a South Korea-only handset called the G3 Screen.
Patent trolls rampage ahead of key reform, Etsy and NFL among 184 targets of 1-day blitz
Patent trolls filed nearly 200 lawsuits last Wednesday in an attempt to dodge proposed reforms brewing in Congress. Targets includes familiar names like Harry & David and Dress Barn.
Fab completes transition out of flash deals as co-founder exits the company
More shake-ups for Fab, as the company caps off it’s move away from daily deals with the departure of a co-founder.
Fab will cut nearly 20 percent of its work force
http://www.reuters.com/article/2013/10/03/fab-cuts-idUSL1N0HT0GZ20131003
Fab, a New York-based commerce company backed by the likes of Andreessen Horowitz and Menlo Ventures, is going to cut about a fifth of its work force (roughly 100 people) from its various offices. Jason Goldberg, the CEO of the company, in a memo to employees wrote: “The impetus behind the decision is our plan to accelerate Fab’s path to profitability.” This is the second major set of layoffs at a company that has raised nearly $300 million from investors and is valued at $1 billion by private investors.
Fab lays off more than 100 people in Europe as part of shift away from flash sales model
Fab announced Tuesday that it will be getting rid of more than 100 positions in its Berlin office as it continues restructuring the business away from flash sales and toward more of a global e-commerce home and design store.
The Fancy adds same-day delivery in NYC to encourage impulse buys
The Fancy plans to add same-day delivery on items shipped to customers in New York City, as a way to differentiate the design-oriented e-commerce company, and to get customers to take the plunge and make a purchase.
How the age of design-centric e-commerce might not lend itself to sales
We’ve seen a rise of e-commerce companies recently that have tackled the dual problems of discovery and boredom: They’ve made shopping a fun, emotional experience. But can they translate that to sales?
The power of consumer lock-in (or why I won’t use your new app)
Every entrepreneur wants to create the next Twitter, and persuade consumers to create entirely new habits online. But here’s why they should focus on making it easier for them to stick to their current habits.
Three truths about the visual web we can learn from We Heart It
The recent funding announcement and user enagagement numbers from We Heart It, a site that allows you to re-post inspiring images, can tell us a lot about where the future of the visual web is headed.
Fab nabs $150 million in new funding as part of Series D round
With grand ambitions to become the world’s design store, Fab has raised the first part of a Series D funding round that looks to add a large flow of cash to the company’s efforts.