By John Gruber
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Ricardo Bilton, reporting for VentureBeat on the collapse of Color:
A source within the company tells us that the company’s shareholders and board last week voted to shut the company down.
Yours truly, when Color launched in March 2011:
This thing looks like a turd to me. Now, maybe I’m the idiot and the joke’s on me and Color is going to be a huge hit. But my figurative money says that the investors who funded these guys just flushed $41 million in literal money down the toilet.
★ Wednesday, 17 October 2012