• George Soros calls Facebook and Google a 'menace' to society and 'obstacles to innovation' in blistering attack

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    • Facebook and Google are a “menace” to society because of their failure to protect against “the consequences of their actions,” billionaire investor George Soros said.
    • Speaking at Davos, Soros launched an aggressive and multi-pronged attack on the tech giants, accusing them of “monopolistic” and anti-competitive behaviour.
    • He said the companies are encouraging “addiction” like gambling companies, and of being “obstacles to innovation.”

    Billionaire investor and philanthropist George Soros has launched a blistering and multi-pronged attack on Facebook and Google, arguing the tech giants’ size and “monopolistic behaviour” has made them a “menace” to society, damaging democracy, and encouraging “addiction” akin to gambling companies.

    Facebook and Google threaten the concept of “freedom of mind,” Soros says

    ‘A web of totalitarian control’

    The relevant section of George Soros’ speech is republished below (emphasis added):

    I want to spend the bulk of my remaining time on another global problem: the rise and monopolistic behavior of the giant IT platform companies. These companies have often played an innovative and liberating role. But as Facebook and Google have grown into ever more powerful monopolies, they have become obstacles to innovation, and they have caused a variety of problems of which we …read more  

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