Color: We Are Not Shutting Down

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http://techcrunch.com – Updated. Color Labs, the photo sharing startup which became well-known for securing a whopping $41 million in venture capital but has since had a bumpy road with lagging user numbers and turmoil at the executive levels, is not shutting down operations, contrary to a report first published by VentureBeat that is circulating today. “Color is not shutting down,” a spokesperson speaking on behalf of Color and its largest investor Sequoia Capital said in a phone call this morning. The spokesperson declined to comment further. In addition, sources close to Color say that neither they, n (IT news)