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This has absolutely been going on since September! My Google traffic is down 40%.
Also remember: while the first page is filled with tube results many, many smart surfers go immediately to page 2 or 3, knowing they are getting spammed with big players on the first page of Google results. Now that is gone and replaced with garbage.
Also, I suspect that the tubes getting the majority of SE traffic now are also seeing strange effects. Sure, traffic may be UP for them but I bet bounce rate has gone up too. Time on site down for the tubes. Views seem to be down on most videos on most homepages I check. Surfers will go to "the big boys" only so often and when they want to search deeper, like into a niche, they are finding garbage.
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