Google Penguin web spam algorithm update drops traffic for millions of site | April 24

Google Search an Internet giant updated a massive algorithmic change hits millions of website traffic. Google claimed its a minor update but many websites claimed huge drop in traffic. Google mistakenly penalized lot of websites including one website with traffic of 6000 visitors per day turn down to 120 visitors its very huge traffic loss. However google claimed the effect should be within 3% search queries but millions of sites were counter attacked by this algorithmic change.
Example : 1
I searched for the keyword "web hosting" it showing some empty website in second page.
Example 2 :
Search for "fashion baby" it showing empty website at first.

Lot of good and genuine websites were lost the huge traffic. Google should look into this issue and make the web flawless.

Source : http://googlewebmastercentral.blogspot.in/2012/04/another-step-to-reward-high-quality.html