Not sure if it is correct to call it an algorithm update, but a number of keywords I watch I have seen large authority sites get demoted in favor of smaller niche players with spammy keyword rich backlink profiles. I am seeing things like spammy new(ish) lead generation sites outranking fortune 500s and long standing industry association sites.
This is probably about the first update in a year that I have seen Google do anything major that bucks the trend of placing more and more emphasis on legitimate authoritative domains, although things are still shifting around quite a bit and will probably head back the other direction soon.
What are you seeing?
I see a few things that can probably be summed up as one change...the sandbox/trustbox was modified to be less restrictive on age and theme. I'm betting it'll tighten up again, but hopefully just on the theme.
To me, this was their way of tackling the ever-growing .edu spam. A lot of that is gone from some of the SERPs I watch; of course, now I see even more blogspots a few pages into the listings, so who knows how much tweaking they'll do over the next couple of weeks.
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