wheel - 11:04 am on Apr 1, 2011 (gmt 0) [edited by: incrediBILL at 7:01 pm (utc) on Apr 1, 2011]
Others have speculated here, and I agree, that Google has tapped out adwords and adsense in terms of growth. They're growth now comes from milking a bigger piece of the pie from both the advertisers and publishers. Same advertisers, same publishers, just paying more and making less.
And under that business model we're going to start seeing some cracks appear. Panda is possibly just the first step down that road.
[edit reason] thread clean up [/edit]
[edited by: incrediBILL at 7:01 pm (utc) on Apr 1, 2011]