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Rae posted on Twitter, "@methode (who is Gary Illyes of Google) says panda happens "pretty much instantly":
But what does processed mean? After they are crawled by Google?
We do know that Panda is a rolling update now but it has been over four months since a Panda update, at least based on my records. By update I mean, Panda sites seeing any ranking benefit or decline in over four months.
So it is possible that Panda is no longer a rolling update, no longer running instantly or so.
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