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Leading Crypto Media CCN Announces Shutdown and Blames Google’s Huge Traffic Implication

Abstract : CCN said it daily revenue slumped by more than 90%. Moreover, Google has completely turned off Google ads for CCN.com. But it doesn't think Google’s update is a large-scale crackdown against all the websites that engage in crypto space.

ChainDD
ChainDD

Jun 11

June 11 (ChainDD)  CCN, one of the leading cryptocurrency-focused media, announced it has to shut down due to severe implication of Google’s June 2019 core search algorithms update.

In its announcement article to readers, CCN said its traffic from Google searches plunged about 71% on mobile overnight. According to SEO analyzer Sistrix, CCN’s visibility on Google is down from 1.2 to less than 0.6. For a small news organization withou any outside funding like CCN, Google’s such significant update imposes huge consequences. CCN’s daily revenue slumped by more than 90%. Moreover, Google has completely turned off Google ads for CCN.com.

CCN found other crypto news media also suffered impact from Google’s update. Sistrix showed CoinDesk and Cointelegraph’s traffics have respectively dropped 34.6% and 21.1%.

Nevertheless, CCN don’t think Google’s update is a large-scale crackdown against all the websites that engage in crypto space. It noted visibility of many websites in other fields also saw similar significant drops, including Daily Mail, Dr. Mercola’s official website.  

As to future move, CCN revealed its entire team will move to a news platform HVY.com, any reader who wants to support CCN can become a reader of the platform.

In the end of the article, CCN left a paragraph like its epitaph: CCN Markets. Born June 5th, 2013. Died June 10th, 2019. Cause of Death: Google.  

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