Cryptocurrency news website CCN.com seems to have changed its mind after announcing the shutdown its operations, as confirmed in an article by a staff member on 12th June. CCN published an announcement that it will cease operations immediately after calling out Google for its algorithm changes which reduced their reader audience by 70%. However, the company now says that it would keep on working on finding the cause for this change.
The aforementioned Google’s algorithm update allegedly caused a 70% drop in traffic for CCN. The traffic drop made executives say that they had no choice but to abandon the project, but that they now reconsidered.