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Loading speed of a website is a Buzz word in SEO communities. It's a news that Google will penalize slowly loading sites. Google clarifies that if you have a fast site, making it faster 'won't change things' with your rankings specific to the upcoming Speed Update. So it's about Slow loading websites.
There is no reason why you should always believe something.
You should logically analyze everything before making any decisions. And this is true that slow loading websites are bad when it comes to SEO.
The Google official released new Speed Update algorithm to punished slow loading website in January 2018. Now google rolling out this algorithm to all users, aiming to hits only the slower sites. The search engine explained it will only affect pages that deliver the slowest experience to users and will only affect a small percentage of queries.
Now Google further states the mobile Speed Update might not even impact slow pages with superior content.
Thanks for sharing the very informative information about google updation.