It also fits into our target audience better. Allows us to foray into horizontal products too.
There are two types of commonly used names. One is a combination of two words such as Datadog and others are single worded like Spike, Stripe, Slack
Single worded domains are neat and are quite sticky in my opinion. I recommend it. We also live in a world of increasing adoption of rare tlds. Magic.link, reflect.run and plenty more. I believe people are leveraging it pretty well. We share our .sh tld with shell extensions, which is pretty cool.
For single words - stick to 6 or less characters and explore tlds other than .com
For double words - ensure at least one word is super relatable and one of the words is short. Peter Parker (pp) -> Datadog (DD) helps in remembering and using it more.