I think it’s because it’s too short, simple, and one word. It doesn’t really sink in with any visual. A stripe is a thing but I think it’s too abstract.
Good names: Wix, PayPal, google, Venmo, Microsoft
Bad names: quora, redis, and palantir (unrelated but hard to pronounce), apple (they are unique in that they commandeered a common word but did really well with the logo and brand. Arguably one of the best brand creations of all time because they went against the odds), hinge.
Honestly I’m not sure any other Fortune 500 company has picked a more basic word that isn’t unique
They lucked out because their product was good enough it didn’t matter!