Altcoin News: The Largest Crypto Media CCN is Shutting down Today
A post written by Jonas Borchgrevink, director and founder of CCN.com (Crypto Coin News), Hacked.com and HVY.com, says that the reason for the closure is a significant reduction in traffic from Google search queries after Google’s core update on June 3.
Borchgrevink writes that traffic from a crypto-news website CCN from Google searches dropped more than 71% on mobile devices overnight. The founder notes that, although in the past, traffic levels were also low, and they cannot continue to operate in these conditions due to revenue from advertisers. The publication cites data from Sistrix.com, where it is noted that the traffic crypto-news website CoinDesk sharply fell by 34.6%, while the Cointelegraph reportedly also fell by 21.1% on mobile devices.
Borchgrevink states that they will move the CNN team to HVY.com, the news platform for journalists. In the post, Borchgrevink also notes that the Google update affected not only crypto sites, adding that attendance in the British tabloid The Daily Mail also dropped noticeably. Some online analysts suggest that clickbait headlines are behind the loss of visibility for The Daily Mail, which reportedly lost half of its normal traffic. However, the Borchgrevink states that the reasons why certain sites lose visibility cannot be determined:
“ And unless someone — anyone — who actually worked on the June 2019 Core Update at Google explains what is going on, all we can do is to “guess, speculate, and experiment” as far as our bank accounts allow us to.”
CNN was founded six years ago and was originally called CryptoCoinNews, and then renamed to its current name.
CCN was among the few crypto news sites that refused to run a sponsored story in the guise of a regular article, as an investigation by Breakermag.com reported:
“Without dwelling wholly on the negative, we should also note the companies that gave a clear refusal to run any content that was sponsored without a clear.”
The CCN message ends with a list of requirements for Google, including a three-month notice of expected changes from Google Core Updates, an explanation of what the company can do to change if it falls into a risk area for traffic loss, and the creation of national governments to check for search engine updates on the subject of “preserving our democracies, our freedom of speech, our freedom of the press and our freedom of information”.
“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, founder of CCN wrote, adding:
“While CCN might be irrelevant to you, the practice by Google also affects you and your organization. This core update might have been positive for you, but what about the next Google Core Update? And the next? Are you all going to sit idle and let the Dictator in the room decide your destiny without having a chance to understand the updates and make necessary changes to survive? Or even worse, are you going to allow a Googlémocracy?”
Author: Marko Vidrih