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Google Claims It Did Not Shut Down CCN.com

Google Claims It Did Not Shut Down CCN.com

A Google representative has denied that there was any attempt to instigate CNN.com’s shutdown by updating the Google algorithm.

On 10 June, the popular cryptocurrency news site was shut down due to a marked decrease in its online readership. The search giant responded that some sites might be affected more than others after the Google update.

After Google’s Core Update on 3 June 2019, CCN saw a dramatic decrease in traffic and according to its founder Jonas Borchgrevink: “Our search traffic dropped by more than 71% overnight… With that, we saw a drastic decline in ad revenues”, which Borchgrevink estimated to be a fall of 90%.

As for any intent to blacklist cryptocurrency websites, Google stated on Twitter that a prewarning was given of proposed changes back in October of 2018 that the updates may have different effects on a range of sites and some may be harder hit.

Borchgrevink suggested that the staff may migrate over to another news site HVY.com and the shutdown wasn’t simply a cover-up for lack of operational funding at CNN, he commented:

“You can ask any of our 60+ team members […] They are all offered the same rates over at HVY.com… I think they all have accepted the situation… We have not fired a single person [on] the team.”

Borchgrevink went on to say that he had been in contact with most other news sites over the Google update who also expressed concerns. Mike Dudas, founder, and CEO of The Block stated:

“… we are troubled by the lack of transparency and warning by Google, who seems to have made a change to their algorithm that significantly impacted major cryptocurrency sites but have yet to explain why.”

Google’s record on cryptocurrency related advertising history has been somewhat checkered, although its initial ban on all cryptocurrency-related advertising last June was revised and updated in September 2018, allowing some businesses to advertise on its platform providing that any ads for cryptocurrency exchanges must be limited to targeting the US and Japan.

Earlier this year, there was a suggestion that Google was blacklisting keywords mentioning Ethereum on its Google Ads advertising platform.

 

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Leading Crypto News Site CCN Shuts Down

Leading Crypto News Site CCN Shuts Down

One of the top blockchain and cryptocurrency news websites, CCN yesterday announced it would be shutting down, effective immediately.

Director and founder of CCN Markets and Hawkfish AS, Jonas Borchgrevink, explained in a post on the website the difficult decision came following a 71% drop in mobile traffic overnight. This happened on 3 June, the same day Google rolled out its latest Core Update.

Borchgrevink noted that the team had reached out to Google’s Webmasters Forum to query why CCN articles were experiencing such a significant Google-listings drop, but they had received no definitive answer. Alongside a 34.6% drop experienced by CoinDesk, Borchgrevink suggested Google may be taking a crackdown on cryptocurrency, although non-crypto-related sites such as the UK’s tabloid Daily Mail has also taken a hit.

He also pointed out the website had published a number of pro-Trump op-eds, speculating that other websites to do so had been facing some form of underhanded censorship by Google, writing:

”While I won’t speculate whether or not this might have affected our site, I would certainly hope Google isn’t actively suppressing journalism.”

CCN’s daily revenue is cited to be down 90%, while revenue has been reinvested into the website and personal meaning, such losses no longer make running the website viable.

Founded in 2013, CCN claims to have held the position of the crypto-related news site with the highest amount of traffic worldwide, raking in the top 800 websites visited prior to the Google update.

 

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