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George Soros joins the techlash

Soros
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.