Peter Kafka

Recent Posts by Peter Kafka

Fab Makes Big Cuts Again, Laying Off Nearly 20 Percent of Staff

After suggesting via an internal memo that he would lay off staff, Fab CEO Jason Goldberg has laid off 101 employees, or nearly 20 percent of the e-commerce startup’s staff. Fab, which raised $165 million this summer, also let go of more than 100 employees in July.


Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work