It will be very difficult to justify valuation with diminishing rate of growth at this Insane levels of capitalization:
http://www.marketwatch.com/news/story/google-advertisers-cutting-spending-keyword/story.aspx?guid=%7BE9B9CEA8%2DEA47%2D48C6%2DA91F%2D69F53F018AE2%7D&siteid=yhoo&dist=yhoo
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