XLMedia share price tumbles further as extent of hit to site rankings is revealed

London-listed affiliate firm says more than 100 sites were impacted since Google demotion in January as business hires new CFO

XLMedia’s share price fell almost 30% in early trading after the affiliate revealed 107 of its websites had been hit by Google’s reduction in rankings since the last update issued on 20 January. The Jersey-based outfit acknowledged 23 of the sites affected are “tier-one and tier-two premium sites” while 84 are “tier-three or tier-four sites”.…

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