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Submission + - Color Labs shut down and acquired by Apple, founder target for lawsuit (fiercemobilecontent.com)

beeudoublez writes: Color Labs, the company that received 41MM USD for building the Color app is confirmed to have been bought by Apple. However, the founder Nguyen is the target of a lawsuit that alleges he improperly spent funds and intimidated employees

The Color app has intrigued many as it received a large amount of funding for little-to-no revenue model http://blog.kissmetrics.com/color/

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Color Labs shut down and acquired by Apple, founder target for lawsuit

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