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George Soros may invest more in fighting Big Tech

George Soros in front of the flag of the European Union
Billionaire George Soros. Photo: OLIVIER HOSLET/AFP/Getty Images

Billionaire investor George Soros launched a brutal attack on big online platform companies at this year’s World Economic Forum meeting in Davos. Now, his influential organization is "certainly examining new ways" to tackle the growing power of tech giants, according to an official at his influential philanthropy.

Why it matters: Soros may put his money where his mouth is. With a global reach and an annual budget of more than a billion dollars, the Open Society Foundations has the ability to significantly shape the growing debate over the power of Big Tech.

What they’re saying: “The Open Society Foundations has long worked on issues involving the free and democratic flow of information and the ways in which a concentration of power can affect knowledge and communication,” Open Society Foundations acting Co-Director of U.S. Programs Laleh Ispahani said in a statement to Axios. “Mr. Soros’s speech reflected rising concern about the effects of a handful of giant internet platforms having so much influence, and we’re certainly examining new ways we might address those concerns in ongoing conversations not just in the U.S. but among our foundation colleagues globally.”

  • Soros has been on a tear against the web platforms lately. "The rise and monopolistic behavior of the giant American Internet platform companies is contributing mightily to the US government’s impotence," he wrote in a recent op-ed that predicted that regulatory action in the European Union will be their "undoing."

What they’re doing: The organization didn’t provide details of their current conversations. A spokesman said that it provided a $180,000 two-year grant to the Open Markets Institute last fall for work around web platforms.

  • The organization's interest in platforms has been building for some time. It gave the group Data & Society $250,000 in 2016 for "reimagining pathways for algorithmic accountability of platforms and organizations that produce and distribute content, such as search and recommendation engines and social media."
  • Open Society Foundations has weighed in on issues like net neutrality and surveillance.

Go deeper: Interest in this topic is rising among wealthy individuals who can use their philanthropic organizations to influence the conversation.

Mike Allen 13 hours ago
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Featured

The Mueller stories worth ignoring

President Trump arrives yesterday with First Lady Melania Trump and Vice President Pence at the funeral of the Rev. Billy Graham in Charlotte, N.C. Photo: Jim Watson / AFP / Getty Images

There's a contagion of Washington coverage that isn't worthy of your time. The stories sound dramatic but tell you little, if anything.

Be smart: Jonathan Swan emails me: "The very important collective impact of this reporting is that it could make Trump more angry than ever about the probe."

Haley Britzky 7 hours ago
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North Korea says it will "counter" any U.S. military exercises

A man watches a television news broadcast showing Kim Jong-Un.
A man watches a television news broadcast showing Kim Jong-Un. Photo: Jung Yeon-Je / AFP / Getty Images

North Korea said on Saturday that it would "counter the U.S." if military exercises were conducted, and the U.S. will "own all responsibilities for the ensuing consequences," Reuters reports.

“If the U.S. finally holds joint military exercises while keeping sanctions on the DPRK, the DPRK will counter the U.S. by its own mode of counteraction and the U.S. will be made to own all responsibilities for the ensuing consequences."
— North Korea's news agency KCNA

Why it matters: Per Reuters, the U.S. and South Korea plan to start joint exercises in April. North Korea said through KCNA that drills "would harm reconciliation efforts," and that the regime will not "beg for dialogue" with the U.S.

Haley Britzky 8 hours ago
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Secret Service responded to man shooting himself near the White House

The Secret Service responded after a man shot himself near the north fence line of the White House on Saturday afternoon. Per their Twitter, no other injuries were reported and medical personnel responded.

President Trump is not at the residence, but was briefed on the situation. White House personnel were instructed to shelter in place, according to radio station WTOP.

Haley Britzky 8 hours ago
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The NRA has hit the mark on digital activism

NRA President Wayne LaPierre
NRA President Wayne LaPierre at the NRA Leadership Forum. Photo: Jim Watson / AFP / Getty Images

The NRA has gotten something right: it's extremely effective in pushing its message onto as many platforms, and in front of as many people, as possible.

How they do it: They aren't using traditional tactics, like knocking on doors or making cold calls to get their message across. The NRA's official app, NRA-ILA, is used by tens of thousands of people. Through push notifications and in-app reminders, users (who aren't necessarily NRA members) are encouraged to call their representatives, post on social media, and donate. Thomas Peters, the founder of uCampaign which created the app, told Axios it's a "tremendous success."

Haley Britzky 9 hours ago
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Trump threatens to raise taxes on EU

Donald Trump.
Photo: Chip Somodevilla / Getty Images

President Trump tweeted on Saturday afternoon that if the European Union increases tariffs on U.S. companies, the U.S. will apply "a Tax on their Cars which freely pour into the U.S."

Why it matters: This is what you'd call a trade war. This has been the primary concern since Trump announced new tariffs on steel and aluminum this week. But per Axios' Mike Allen and Jonathan Swan, tariffs are what Trump has wanted and now he's feeling like a man of steel.

Haley Britzky 9 hours ago
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South Africa votes to transfer land from white to black farmers

South Africa's new president Cyril Ramaphosa.
South Africa's new president Cyril Ramaphosa. Photo: Mike Hutchings / AFP / Getty Images

South Africa's parliament voted 241-83 on a motion that would allow land to be transferred from white to black land owners without financial compensation, the Independent reports.

"This original sin that was committed when our country was colonised must be resolved in a way that will take South Africa forward."
— President Cyril Ramaphosa

Why it matters: Ramaphosa, said he wanted to resolve racial disparities in land ownership "once and for all," per the Independent. The motion was opposed by the Democratic Alliance party, which argues this will "undermine property rights and scare off potential investors."

Axios 12 hours ago
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The most important political prisoner in Latin America

Opposition leader Leopoldo López.
Opposition leader Leopoldo López. Photo: Leopoldo López / AFP / Getty Images

"Can Venezuela Be Saved? As a nation unwinds, Leopoldo López, the opposition’s most prominent leader, sits under house arrest and contemplates what might still be possible," by Wil S. Hylton.

Why he matters: "[H]e has become the most prominent political prisoner in Latin America, if not the world. His case has been championed by just about every human rights organization on earth."

Axios 12 hours ago
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The Kennedy Center's embrace of hip-hop culture

Q-Tip performs at the Kennedy Center on Oct. 6.
Q-Tip performs at the Kennedy Center on Oct. 6. Jati Lindsay / Kennedy Center via AP

The Kennedy Center, trying to shed an image of white elitism in a largely black city, is embracing hip-hop culture in a major way, AP's Ashraf Khalil reports:

Haley Britzky 12 hours ago
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Roy Moore is asking for financial help to fight accuser in court

Roy Moore.
Roy Moore. Photo: Jim Watson / AFP / Getty Images

Roy Moore, former U.S. Senate candidate in Alabama, is asking for help to pay his legal bills as he fights Leigh Corfman in court, a woman who claims she was molested by Moore when she was 14.

"Please help me fight this battle for the heart and soul of this Nation. Your financial contribution to my legal defense fund is crucial...My resources have been depleted and I have struggled to make ends meet."
— Roy Moore in a Facebook post

Why it matters: Moore's loss in Alabama was a historic one — a Democrat took a senate seat in a deeply red state, after nine women accused Roy Moore of sexual misconduct. Moore has raised $32,000 of a requested $250,000, the AP reports.