Apple Has Reportedly Purchased Video Sharing Startup Color LabsYou know how some ideas sound really good conceptually but end up not panning out in reality? Color was such an idea. The iPhone app received a ton of hype originally with its $41 million in venture capital funding. The premise was to create a location-based, crowd-sourced photo stream from people’s smartphone cameras that was [...]Related StoriesKlout Updates iOS App With New Perks, Influence Card For PassbookHelp This Negative Nimbus Cheer Up In New iPad Game From Animation Studio CloudKidJudge Says Apple Can’t Have It Both Ways, Denies Request To Seal Financial DocumentsApple Forced To Admit Defeat To Samsung In Newspaper Ads After Losing Appeal In U.K.Drone Warfare Comes to Cubicle Conflict
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