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Fab May Sell for a Pittance While Ex-Founder Abandons Fab-Like Startup

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Fab May Sell for a Pittance While Ex-Founder Abandons Fab-Like Startup

For years, venture capitalists exuberantly assumed Fab, the online furniture store, could be worth $1 billion, despite mounting evidence that it was difficult to make money off of flash sales. Now TechCrunch reports that Fab may soon be sold to PCH International, an Irish supply chain company, for $15 million "and possibly as much as $50 million."

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