The webmaster forums are lit up with reports that the Google Webmaster Toolbar is showing zero backlinks, and some are reporting a decrease in traffic shortly after.
What's more, according to the forum reports, these are organic links, not paid links. Google's assault on paid linking is well-documented by now, but many webmasters are scratching their heads about this one, considering that links are (assumedly) a large consideration of the Google ranking algorithm.
The reports have been made and echoed by members, some reporting that, coupled with their recent drop in PageRank, have seen a decrease in search traffic by up to 15 percent.
Some suppose that it may be a temporary update and thus, only a fluctuation. Others note that Yahoo is showing all of their backlinks in tact. "D2002" at
Our PR has dropped from 6 to 3 (probably permanently, since we are showing 3s across all datacenters).
Our referral traffic from Google decreased a bit (dropped about 15%) but that could just be a daily fluctuation. Google Groups as well as SE Roundtable
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