Mike Arrington of Techcrunch Is Afraid Of The Truth.

Mike Arrington recently posted a glowing testimate to Cash 4 Gold. It seemed as if he did little to no actual investigation into their business practices or the investigation by Consumer Reports. He got a lot of criticism in the comments so many in fact that he felt it was necessary to write a follow up explaining why he’s right and that after researching Cash 4 Gold he finds nothing wrong with their business practices. In fact he thinks that most of the negative comments were from haters essentially jealous of such a wildly profitable business.

Uh huh. Well we tried posting a follow up comment. In it we basically pointed out that according to the report from Consumer Reports C4G doesn’t pay anywhere close to the 50% of spot price that they like to claim. Like in this recent press release. In fact they only offered Consumer Reports 10 to 15% of the spot price for the gold that they sent in. Mike didn’t like that.

Mike claims that he digs deep when preparing a post about a business. We simply pointed out that it didn’t seem like he did. We also pointed out that we morally object to a business claiming to offer top dollar for a persons valuables and then not delivering on that promise.

We also pointed out that Techcrunch seems to be the only (non paid) publication (online or print) that has done a profile of Cash 4 Gold that hasn’t mentioned some of the controversy around them. We like reading TC, we just feel that Mike rushed this article out without any real objectivity and obviously doesn’t like it being pointed out in his publication.We also said that his financial data seemed incorrect based on figures released by C4G and that overall his article seemed to be nothing more than a puffed up PR piece handed over to him by his “inside source” at C4G. Our post was quickly deleted. Well he’s got the right to censor comments that he doesn’t like.

Only time will tell if the other posts will stay put.