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Ask HN: Do online press releases still make sense?

Back in the day it used to be common practice to issue a press release on sites like prweb.com when launching a new product. As far as I understood, for SEO purposes since Panda 4.0 that doesn't help anymore. And it's been long since I've seen a blog post referencing a press release. Is it still worth it? is being featured in NH or TechCrunch there only good option left for a successful launch?
( 2 comments | 3 points | on HN )
Re:Ask HN: Do online press releases still make sense? by JSeymourATL on Wednesday September 10, 2014 @12:25PM (#8297350)
The Old School PR Model is broke & busted. Nobody cares about your press release.

Here's a good read on getting buzz from Tim Ferriss> http://fourhourworkweek.com/2013/09/17/how-to-get-national-p...

Re:Ask HN: Do online press releases still make sense? by cblock811 on Wednesday September 10, 2014 @07:07PM (#8299803)
Totally agree that nobody cares about press releases anymore. I've seen a TechCrunch article net almost nothing for launches. It's interesting to watch founders get hyped up for the press hit... and then nothing happens.