Key Points

- Google's Q1 2024 earnings exceeded analyst expectations - Google plans to invest $2 billion to build a data center in northeastern Indiana - Billionaire Bill Ackman invests in simple and predictable businesses - Workers accuse Google of firing people who protested against $1.2bn Project Nimbus - BHP Billiton had its takeover advances spurned by Anglo American Google's Q1 2024 earnings have surpassed analyst predictions, with revenue and operating income increasing by 15% and 46% YoY, respectively. The company's robust performance was fueled by a surge in commercial activity in YouTube ads, Google Search, and Cloud. Looking ahead to the remainder of 2024, there is optimism about Google's potential to achieve further growth, as the digital advertising market continues to recover. In a move to bolster its artificial intelligence technology and cloud business, Google has announced plans to invest $2 billion in constructing a data center in northeastern Indiana. This investment is expected to have a significant impact on the company's future operations and expansion. Billionaire investor Bill Ackman is known for his preference for simple and predictable businesses. His portfolio is heavily concentrated in the restaurant and hospitality industries, and he has notably avoided investing in hypergrowth artificial intelligence (AI) stocks. Google has come under fire after reportedly firing a number of employees who protested against the $1.2 billion Project Nimbus, which supports the Israeli military and government. Workers have accused the tech giant of reacting with a "tantrum" to the protests, sparking controversy and raising questions about the company's handling of employee dissent. In the mining industry, BHP Billiton's attempts to acquire Anglo American have been rebuffed. BHP launched a £31.1 billion proposal to purchase the assets of its smaller international mining rival in an 'all-paper' transaction, offering new BHP shares to Anglo shareholders while also proposing to split off Anglo's platinum business to allay monopoly concerns. Overall, Google's strong financial performance, strategic investments, and controversies surrounding employee treatment and ethical considerations have made headlines in the stock market. The company's trajectory and future prospects continue to be closely monitored by investors and industry analysts.

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