These are the known types of Google Penalties :-
-6 Ranking Penalty — This newest Google penalty hit webmasters in #1 positions with no warnings whatsoever. Google had said it was a mistake and quickly fixed it. But the general theory is that the penalty came about due to stagnant linking or over-optimization.
-30 Suppression Penalty: This penalty seems to hit web sites that focus on AdWords and have very little content. These are typically web sites that participate in guestbook spamming, use JavaScript redirects (instead of a 301 Redirect), or use doorway pages. Web pages with links that have redundant anchor text keywords seem to also fall to the #30+ ranking position.
–50 Paid Links Penalty: Google wants to see a rel=nofollow tag on that link so that it doesn't pass PageRank. Those who attempt to buy their way into the upper rankings via Link Farms, Directory Lists and such found their web site(s) were hit with a -50 penalty.
PageRank Penalty: This first appeared in October 2007. Google sent out this wave of penalties that targeted web sites selling links and sponsored blog posts which passed page rank on to advertisers. Large web sites saw their PageRank number drop drastically. This Google Penalty affected nearly everyone on the Internet. Which is somewhat ironic because PageRank have very little to do with calculations in search results.
Google -950 Penalty: The most severe of all known Google penalties. Some think that this penalty is the "last straw" and Google will just remove your web site from their index if you don't get your act together and play by their rules. This penalty seems to be applied to a specific pages on a site and not to the entire web site.

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