Please, Hammer, don't hurt Google!
Posted
Jan 02 2008, 05:00 PM
by
Matt Koppenheffer
Rating:
From the "I didn't think I'd hear that name again" desk comes breaking news about MC Hammer. Yes, you read that right, MC Hammer.
If Hammer were a publicly traded stock, the early success of his flashy dance moves, baggy pants, and hit songs like "U Can't Touch This" would have surely led to disappointed investors as he disappeared into obscurity and ended up going bankrupt with some $14 million in debt.
But apparently Hammer wasn't gone for good. Gone are the days of chasing the top spot on the music charts, though -- these days Hammer is chasing… Google. As the pre-eminent source for online videos, Google's YouTube will be the primary target of Hammer's new venture, DanceJam. The site is seeking to be the go-to spot for dance related videos and will debut later in the month.
I turned to Google's page on The Motley Fool's CAPS service to see how worried Google investors are about this new venture, and surprisingly there was no mention of DanceJam. For some reason, investors seem far more concerned about Google's valuation and cell phone plans.
I won't deny owning an MC Hammer album back in the 90's so I will pull a chapter from the book of "Please Hammer Don't 'Em" for the backers of DanceJam: Pray.
(Full disclosure: I do not have a financial position in any of the companies mentioned -- including DanceJam.)
