George Soros joins the techlash
Soros in Berlin in 2017. Photo: Sean Gallup / Getty Images
Billionaire philanthropist George Soros wants "more stringent regulations" on Big Tech, BuzzFeed's Ben Smith reports from Davos. Speaking at a dinner on the sidelines of the World Economic Forum, Soros called Facebook and Google "ever more powerful monopolies."
The backdrop: There's an ongoing fight against the influence of tech giants in response to crises over fake news, tech addiction and data security. Soros — a frequent political target of the right — suggests regulating tech companies like public utilities to preserve "competition, innovation, and fair and open universal access" as a solution.