In 2010, Google introduced website speed as a factor in its page-rank algorithm, revealing that slow-load sites lead to user abandonment and decreased revenue. Ideal load times should be under three seconds, with common pitfalls including poor design, lack of caching, and excessive media. Slow-loading sites not only hurt customer satisfaction and conversions but can also lead to significant financial losses, emphasizing the importance of optimizing for speed for both desktop and mobile users.