Wednesday, June 12, 2019

"Google Just Killed One Of Crypto’s Biggest News Sites" (GOOG; EVIL)

Time for warning labels on the homepage: "Google is not the internet, you get what we want you to get"
Then kill them.
From SafeHaven:
What Google gives, Google can take back. Bearing some fiendish undertones eerily reminiscent of the Google ad-blocking conspiracy theories of a few years back, Google has once again cracked its almighty algo whip, leaving the online community befuddled and sending dozens of prominent news sites into a tailspin.

Popular cryptocurrency news site CCN has just announced that it will shut down following Google’s June 2019 Core Update, a major algorithm update rolled out on June 3rd that has lead to widespread changes in the visibility and traffic volumes of many online sites.
CCN was one of the unlucky media sites to be caught on the wrong side of the update, with mobile traffic to the site plunging 71 percent overnight. 

Following the update, CCN’s Visibility Index on Google suddenly dropped from 1.2 to just 0.6  according to SEO data analysis platform Sistrix. The SISTRIX Visibility Index is a proprietary SEO tool that ranks a domain’s visibility in Google’s search result pages. Sistrix says there’s a high correlation between the index score and actual amount of organic search traffic.

In case you are wondering how the drop affected the media company’s bottom line, well, CCN says it’s just lost a staggering 90 percent of its daily revenue, forcing it to fold.

CCN has been the preferred go-to cryptocurrency news site with the highest global traffic of any crypto-focused site. The site was founded in 2013 as CryptoCoinsNews and grew from a one-man show to a media company employing a team of more than 60 reporters across the globe.
(Click to enlarge)
Source: CoinDesk
A crypto crackdown?
CCN is hardly the only crypto company caught in the brewing maelstrom. Blockchain news specialist CoinDesk has recorded a 35 percent decline in mobile traffic while its peer Coin Telegraph’s has fallen 21 percent....
....MUCH MORE