Moreover, the domain name color.com is cool, and, the price was not that high to begin with.
- then $7.5 Million (name only)
- then $350M (name and website)
I personally believe this was a horrible investment in a horrible product with a horrible idea, but to rip on the domain name purchase really seems like the least of all possible concerns.
No one is going to search for Color and find a photo app, they are going to search for the name of whatever the cool app people are talking about is, so for quick, cheap SEO they would have been better off calling it MonkeySponge or something.
The whole point of the post was "The domain name fiasco is the indicator of a much bigger and deeper problem"