What is google panda penalty ?

Google Panda is a series of on-going algorithm updates and data refreshes for the Google search engine that the company rolls out to help refine its search algorithm to improve the value of search query results for users.
 
Google Panda algorithm Google announced on 24/2/2011 launched to reduce the rankings of sites with low quality content, content spam, 1 large websites with advertising, especially the micro website piracy. Google copyright registration filed on September 28, 2012 and approved on March 25, 2014. Version 4.0 Latest Google Panda: On 05.21.2014
 
Google Panda update targets sites that have a lot of duplicate or low-quality pages. Your first step is to identify whether or not your site actually got hit by Panda, or whether it was another penalty, or whether traffic just dropped off.
 
Google Panda Update released in early 2011, the update was focused on weighing quality of onpage contents, and specifically to combat content farming sites. The update could hit a website with poorly written seo copy with no less than Keywords as focus.

When Google Penalizes a website for it's content then it called as Penalized by Panda, or Panda Penalty since the update is the cause for the Penalization process.
 
Google Panda is a change to Google's search results ranking algorithm that was first released in February 2011. The change aimed to lower the rank of "low-quality sites" or "thin sites", and return higher-quality sites near the top of the search results.
 
Search engines Panda is a series of on-going criteria up-dates and data refreshes for the Online look for engine engine that the company comes out to help improve its look for criteria to improve the value of look for query results for users.
 
Google Panda is a change to Google's search results ranking algorithm that was first released in February 2011. The change aimed to lower the rank of "low-quality sites" or "thin sites",[1] and return higher-quality sites near the top of the search results. The name "Panda" comes from Google engineer Navneet Panda, who developed the technology that made it possible for Google to create and implement the algorithm. CNET reported a surge in the rankings of news websites and social networking sites, and a drop in rankings for sites containing large amounts of advertising.This change reportedly affected the rankings of almost 12 percent of all search results. Soon after the Panda rollout, many websites, including Google's webmaster forum, became filled with complaints of scrapers/copyright infringers getting better rankings than sites with original content. At one point, Google publicly asked for data points to help detect scrapers better. Google's Panda has received several updates since the original rollout in February 2011, and the effect went global in April 2011. To help affected publishers, Google provided an advisory on its blog, thus giving some direction for self-evaluation of a website's quality. Google has provided a list of 23 bullet points on its blog answering the question of "What counts as a high-quality site?" that is supposed to help webmasters "step into Google's mindset".
 
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