The over-valued photo-sharing app that has come to symbolize all the failings of the social-media tech bubble, is closing down. And, turns out, things were even worse at the startup than anyone inside the bubble thought.
Color, the super-overvalued photo sharing app, continues to be the epitome of the social media bubble gone bad, as the board has voted to "wind down the company," according to an email Venture Beat's Ricardo Bilton got a hold of.
The old stereotype that men just don't get colors--it's fuchsia/sage/turquoise, not pink/green/blue!--apparently is based on an element of truth, according to this beautiful interactive of the way people name colors by DataPointed.net.
We knew well before Facebook bought Instagram for a billion dollars that people really liked photo apps on their iPhones and Androids.
The app Color hauled $41 million in pre-launch funding. Another sign of a tech bubble?
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