tl;dr
Yahoo Finance has reportedly been excluding press releases from crypto companies, including publicly listed ones such as BTCS Inc. and others, from its platform. The affected companies represent over $212 billion in combined market capitalization. Yahoo Finance has not provided an official explanati...
Yahoo Finance has come under fire for allegedly excluding press releases from crypto companies, potentially impacting a total market capitalization of $212 billion. It is believed that Yahoo Finance has been deliberately blocking blockchain-related press releases from its platform, affecting publicly listed companies such as BTCS Inc. and others.
These companies, representing a significant market value, have raised concerns about fair coverage and investor access to real-time information. While private media outlets have the freedom to decide what content they publish, this move could disadvantage investors who rely on Yahoo Finance for timely updates.
BTCS Inc., a blockchain technology-focused company, discovered that its press releases were not appearing on Yahoo Finance despite being distributed through major wire services. Other crypto-focused companies, including Marathon Digital Holdings, Riot Platforms, Strategy, Bitfarms, CleanSpark, TeraWulf, and Argo Blockchain, have also reportedly been unable to get their announcements displayed on the platform.
Yahoo Finance has not provided an official explanation for this alleged exclusion, but it is believed to be a deliberate policy. GlobeNewswire, a primary press release distribution service, confirmed that Yahoo Finance had evidently chosen not to display these crypto-oriented announcements. The affected companies are urging Yahoo Finance to clarify its position on this matter.
The exclusion of blockchain-related press releases, if deliberate, could disadvantage ordinary investors, especially those relying on Yahoo Finance’s feeds for real-time information. This is surprising given the increasing significance of blockchain and digital assets in mainstream finance and the growing influence of publicly traded crypto companies in the market.
BTCS continues to distribute its press releases via recognized channels and is urging Yahoo Finance to clearly explain why updates from blockchain enterprises appear to be singled out. The CEO of BTCS emphasized that investors in blockchain and crypto-focused companies deserve access to real-time disclosures through widely recognized channels that cover traditional equities.