If you actualy read the news, the warning signs are there:
"Google Inc.'s rapid financial growth decelerated in the fourth quarter as the online search engine leader's profit fell below analyst expectations for the first time since its August 2004 initial public offering."
"This time around, Google fell woefully short of clearing the earnings hurdle set by industry analyst. "
"The amount of shareholder wealth shed by Google during extended trading exceeds the current market value of General Motors Corp."
"The letdown might herald the end of investors' love affair with Google's stock, said Standard & Poor's analyst Scott Kessler."
"No matter how the fourth-quarter results are dissected, the earnings represent "a significant miss," said David Garrity, director of research for Investec Inc.
"Substantially higher expenses also weighed on Google's earnings."
"Management has emphasized that the company's expenses are likely to rise as it invests in projects designed to improve its long-term competitive position."
"The company's sales growth also slowed in the fourth quarter, a development that is expected to continue as Google matures."
"Until recently, it seemed like Google could do no wrong as its stock price rose to a new high of $475.11 earlier this month. Even as the company's shares soared, most analysts continued to paint a rosy scenario by predicting the price would surpass $500 and maybe even reach $600 by year's end."
"But some investors began to fret about Google's earnings momentum two weeks ago when Yahoo released a fourth-quarter profit that fell."
"The jitters surrounding Google were exacerbated after the company vowed to fight a Bush administration subpoena demanding one week's worth of search requests as the federal government seeks to revive a law designed to shield children from online pornography."
"Google then provoked more angst last week by launching a new search engine in China that will censor some results to comply with the country's free-speech restrictions."