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The 5 Dumbest Things on Wall Street This Week: June 7

Stocks in this article: SMG SNTA GOOG CLWR AVEO

Google's Porn Problem

Admit it Sergey and Larry. Even without Google (GOOG) glasses you should have seen this one coming.

An enterprising outfit called MiKandi rolled out the first porn app for Google Glass Monday. The adult app store already has an Android offering and was looking to expand its business to include Google's latest gadget. They were well on their way too. Over 10,000 people visited the landing page for its Tits & Glass app before the puritans at Google pulled the plug on MiKandi's porn project only a few hours later.

Upon seeing MiKandi's success, the search giant hastily added a new section to its developer policies which said, "We don't allow Glassware content that contains nudity, graphic sex acts or sexually explicit material."

Drats! Damn those "Do No Evil" goodie goodies! Do they not realize that most technological advances begin -- and probably end -- with porn? Heck, were it not for the technical prowess of pornographers we'd still be watching TV through rabbit-eared boxes and renting movies on Betamax players.

And while they didn't think ahead to ban porn in the first place, the Google guys were smart enough to highlight harsh penalties for apps featuring child pornography. They also ban gratuitous violence, hate speech and gambling on their latest, greatest toy due out later this year or in 2014, which we can only characterize as a good thing.

Still, we have to applaud the moxie of MiKandi and its CEO Jesse Adams, despite the fact that its service was nippled, sorry, nipped in the bud. (Hey, the Scotts CEO isn't supposed to do blue material, but it's fine for overeducated, underpaid hacks like us though!) Poor guy tried to follow all the rules and gain first-mover advantage on a Google blockbuster and he got censored instead.

"Although the app is still live and people are using it, at this point we must make changes to the app in order to comply with the new policies," mourned Adams in a blog post.

Pretty sad, huh? A real downer, especially compared that to what he wrote prior to Google putting the kibosh on his app.

"It's been especially fun and thrilling to work on such a cutting edge device," cheered Adams. "Building apps for Google Glass is still in its infancy, so our first foray in Glassware is a relatively simple sharing application... although, it did take many, many, many, MANY lines of code. We're very excited to get everyone's feedback, and do our part to push the technology forward."

Wow! What an endorsement! This guy can really sell!

Maybe those Google guys ought to rethink their position on having his porn product on their high-tech glasses. Or at least turn a blind eye toward it.

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