Shaddows - 3:01 pm on Apr 15, 2011 (gmt 0)
Sorry, was being facetious with that first line. Google's double-digit growth against a backdrop of economic stagnation rather implies it is doing fine as a company.
The fact that double-digit growth caused a share-price fall indicated that speculators betting on Google's performance got it wrong. This is pretty immaterial to Google as a company, beyond employee-shareholders.
As walkman points out, those paid in shares will be rather upset. But I still stand by the fact this is NOT a reflection of Google's decline, just a decline in expectations.