Facebook and Google criticised by George Soros

Facebook and Google criticised by George Soros
  • Clock-gray 04:15
  • calendar-gray 26 January 2018

The billionaire investor George Soros has criticised tech "monopolies" such as Facebook and Google, calling them a threat to democracy, APA reports quoting BBC.

 

At his annual dinner at the World Economic Forum in Davos, Mr Soros warned that social media platforms were "obstacles to innovation".

 

He raised concerns about their power to shape people's attentions.

 

However, he predicted their days were numbered because tax policy and regulation would catch up with them.

 

Mr Soros also called the Trump administration a "danger to the world", adding that he believed the president would be gone by 2020 "or sooner".

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