IMO nofollow on links is almost useless now for search engines like Google to use to determine the importance of a page as a lot of websites (major news outlets , Wikipedia, etc..) have elected to just nofollow all links in articles to be on the safe side.
I myself only use nofollow on links that I don't deem trust worthy (very few) or on ads we display.
Does people think Google actually weights the value of a nofollow link depending on the source it comes from?
With the last algo shuffle in March and April we have lost a fair bit of traffic. Our site does get mentioned on major news services about once a quarter (and several times on Wikipedia) but these last few years more and more, of these links are nofollowed. It's not just nofollowing us but any outgoing links in the article.
I am wondering if this is just part of the issue with the latest algo changes and the rise of larger brands on the SERPs (at least in our niche) which can maybe handle the loss of links that have been nofollowed...
Thoughts?