Sad news about one of the most popular cryptocurrency news platform! CCN’s traffic from Google searches dropped more than 71% on mobile overnight after Google’s Core Update on June 3th 2019 and they announced shutting down the platform.
«We do not want to downsize the team, we do not want to break the morale of the team. So yes, this change by Google is directly having a significant impact on us as a small independent news organization that has never received any outside funding. The money we make made on advertisements was directly funneled back into growing the team. Our daily revenue is down by more than 90%.» — said Jonas Borchgrevink, Director & Founder of CCN on their website.
Not only CCN was affected by Google’s Core Update. CoinDesk has experienced an overall 34,6% drop on Google according to Sistrix.com. Cointelegraph dropped of 21,1% on mobile. Such drastic changes that have such dramatic consequences reflected on so many other news sites over the 24 hours.
ICObench team feels very sorry for CCN shut down and we wish a stroke of good luck to other media in Crypto and Blockchain!