Yahoo Finance has recently been criticized due to alleged exclusion of press releases from crypto companies. The controversy came to light when BTCS Inc. (Nasdaq: BTCS), a blockchain technology-oriented company, discovered that the press releases did not appear on Yahoo Finance, despite being distributed through major wire services.
Other crypto-oriented companies, including Marathon Digital Holdings, Riot platforms, Strategy, Bitfarms, CleanSpark, Terawulf and Argo Blockchain, have also been unable to show their announcements on the platform. Public Crypto companies forbidden from Yahoo Finance now represent more than $ 212 billion in combined market capitalization.
BTCs initially believed that the problem could be a technical malfunction or a supervision. However, when it was looking for clarification of Globenewire-one of the most important distribution services for press release that was used by public companies, it learned that Yahoo Finance apparently chose not to display this crypto-oriented announcements.
Globenewswire confirmed that the platform had not given an official statement or policy statement to justify the block:
“Unfortunately, Yahoo Finance maintains a policy not to publish crypto-related news or announcements. This policy is consistent in the industry and applies to all crypto-oriented topics, including blockchain-related events such as the Fireside chat described in this release. “
Charles Allen, CEO of BTCS, said:
“We believe that Yahoo Finance systematically excludes all press releases from listed blockchain companies, which means that content of an entire industry is effectively censored. Shareholders rely on credible, authoritative sources such as Yahoo Finance for timely and accurate information. ”
Allen was also on the importance of fair coverage, and noticed:
“It is vital that such platforms retain open and transparent communication channels, so that all parties in the investment community can also benefit from timely and extensive news.”
At this stage it seems that the decision to exclude blockchain-related press releases, mainly with Yahoo Finance, although there has been no official confirmation or refusal of any policy specifically aimed at the crypto sector.
Because the first amendment in the United States generally makes a broad play area of private media possible to decide what content they publish, there is scarce evidence that Yahoo Finance is breaking all federal laws. The responsibility of Regulation Fair Disclosure (Reg FD) is based on listed companies instead of news aggregators, which usually have the freedom to give or leave content in the own discretion.
Consequently, if Yahoo wants to limit or omit finance-related releases without announcing a formal policy, there is little legal story for those who are excluded, as long as the companies can still distribute their news on a large scale elsewhere.
However, the alleged block could harm ordinary investors for press releases, especially those who depend on the feeds of Yahoo Finance for real -time information. This is a surprising development because blockchain and digital assets are increasingly in regular financing.
The public traded crypto companies become an important force in the market, which represents a growing sector that demonstrably justifies the same level of visibility as more traditional industries. A non -known exclusion of press releases can send an investment sentiment or create an uneven playing field for emennin, although no official accusations of market manipulation have been levied.
So far, Yahoo Finance has not released any explanation to tackle the claims of BTCS or similar complaints from other crypto companies. For his part, BTCs continues to distribute his press releases through recognized channels and urges the platform to clearly explain why updates from Blockchain Enterprises seem to be selected.
Following the frustration of many in the sector, all argues that the prevention of important updates to the industry has a prominent source for financial information, has consequences that extend much further than a single company. He emphasizes that investors in blockchain and crypto-oriented companies earn access to essential, real-time disclosures through the same many recognized channels that cover traditional shares.
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