CCN is shutting down, due to Google core update.
Leading #Crypto news site #CCN is closing down after the latest #Google core update and states: 'Google’s June 2019 Core Update rolled out on June 3rd 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight.'
Their revenue reportedly dropped 90% after the update. The question is whether this ia a crackdown by Google on Crypto generally or a wider issue.
It seems although all major crypto focused sites have been hit by Google’s June 2019 Core Update (For example Coin Telegraph's mobile traffic has also dropped 21% since the update ) , other sites that are not cryptocurrency related have also experienced a startlingly similar impact.
CCN issued this statement:
'While we do understand that Google needs to update their search algorithm from time to time, we cannot comprehend why they are allowed to enforce such drastic changes that have such dramatic consequences for so many news sites over the course of a very limited time – 24 hours, without any explanation or warnings to media organizations like ours. While they did announce the update, they did not disclose any information of what the core update would do.
I am personally calling media organizations across the world to fight this hideous practice by Google, that basically can, with a snap of its fingers, decide who will thrive and who will die within a matter of minutes. Google controls the world’s news consumption. They claim to be pro-journalism. They have a News Initiative that states:
Google claims to build a stronger future for journalism, one where journalists, editors, and news organizations can supposedly thrive with Google’s frequent and opaque core search updates.
While in fact, they are creating an environment where journalists, editors, and news organizations don’t know if they will be around after the next Google Core Update.'
We at New Kids On The Blockchain see this as a great shame and wish the team the very best in their future endeavours after bringing us many years of quality #cryptonews.