Panda is an algo of google which is introduce to stop content spamming. Panda was introduced in feb 2011, its aimed to lower the rank of low quality content sites or copy content sites and return higher rank of high quality sites on SERP.
Google Panda was built through an algorithm update that used
artificial intelligence in a more sophisticated and scalable way than
previously possible. Human quality testers rated thousands of websites based on
measures of quality, including design, trustworthiness, speed and whether or
not they would return to the website. Google's new Panda machine-learning
algorithm was then used to look for similarities between websites people found
to be high quality and low quality.
Many new ranking factors have been introduced to the Google
algorithm as a result, while older ranking factors like PageRank
have been downgraded in importance. Google Panda is updated from time to time
and the algorithm is run by Google on a regular basis.

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