It identifies itself some specific keywords within a webpage and converts them to tapable links that users can click and go further ahead in search engines to find more information.
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This feature was doing no good for many publishers as they expressed their concerns regarding bouncing traffic from their websites, as users clicking the links were taken back to Google's search results.
The only thing a publisher could have done to save their site traffic from this feature, they had to submit an opt-out form that takes 30 days to get implemented.