Few weeks ago, there are many discussion about Googl SLOW Label however many people search but no one seen this.
While searching today morning I got the chance to see the Google RED label.
Google already announce that mobile friendly and page speed are the ranking signals however now display SLOW red color label in Google Search will decrease website CTR(click through rate)
Impact for this changes
For this changes, if your website rank in first page however search display RED SLOW label then user may not open your website.
Yet Google did not officially confirmed about this changes. Previously Rusty also updated this on twitter.