LARRY PAGE'S NIGHTMARE: How Google's Dominance Comes To An End

AP

Google generates an astonishing $3 billion in free cash flow every quarter, and is growing at a rate around 20% per year. 

Google still dominates search - the way most of us find information online, and the most lucrative form of advertising ever invented. It's got the dominant smartphone platform, Android, and the number-one video site by far, YouTube.

As one analyst put it recently, we've reached Peak Google.

But from that peak, there's only one direction: down.