I wanted to talk about the most recent PageRank update which Google decided to further its monopoly upon the online advertising market, being the sale of text links. Google made comment that they do not condone the selling of text links, which means they don't condone any web directory upon the net that charges to provide a service. Funnily enough, Google themselves do the exact thing they hypocritically state others too not do; they sell text link advertising through their billion dollar Adwords program.
A good read is Aaron Walls Aesthetic Google PageRank Update!
Now it was speculated that Google reduced PageRank throughout the WWW for those who network, then discovered that this is true. It was then discovered they penalized PageRank from those selling links, those networking and web directories in general. Why in general? Because the majority of web directories across the globe got reduced in PageRank, whether paid, free, reciprocal, etc.