I thought the same. But we are wrong. Not sure how they doing it, but they are growing revenue. The earnings reported is misleading and really they are much higher. They have about 45 million a quarter in non cash depreciation and amortization of intangibles, that when you add back these guys are doing like over 300 million/year in free cash flow and this is projected to grow next year. When you consider that after all the buybacks are completed, there will only be 72 million shares, and after the $5 special dividend, this is really only trading at $33 right now adjusted for that. So the true market cap is only $33 times 72 million or about 2.4 billion. So this is only trading at 8 times free cash flow. That is very cheap for an interenet stock. So as crazy as it seems, this stock really is worth the current price, and could even trade much much higher even.