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Despite a report from Valleywag that Fab is expected to close its doors by the end of the year, the e-commerce company is fiercely denying that it is in any financial trouble.
"I can tell you that rumors that Fab is exiting the U.S. market are entirely false," Fab spokesperson Amy Juaristi said to Adweek. "We have money in the bank and a low burn rate that will carry us through several years. We are heads-down implementing our long-term strategy, creating a strong and lasting future for the company."