Billionaire investor George Soros bashed Facebook and Google at a dinner at the World Economic Forum in Davos, Buzzfeed reported Thursday.
Soros said the tech companies were a “menace” and “ever more powerful monopolies,” and said they would likely “compromise themselves” to enter the Chinese market, where they have long been banned.
“There could be an alliance between authoritarian states and these large, data-rich IT monopolies that would bring together nascent systems of corporate surveillance with an already developed system of state-sponsored surveillance,” he said, according to Buzzfeed. “This may well result in a web of totalitarian control the likes of which not even Aldous Huxley or George Orwell could have imagined.”
Facebook in particular has come under fire from big names and former employees as it has struggled to dampen hate speech and foreign influence on its platform.
Salesforce CEO Marc Benioff also criticized Facebook at the annual meeting of global elites, where he called for Facebook to be regulated like tobacco companies.
Soros separately at Davos had strong words for President Donald Trump, saying he has set the U.S. “on a course towards nuclear war.”
Read the full Buzzfeed report.
Source: Tech CNBC
George Soros reportedly bashes Facebook and Google as a 'menace' and 'monopolistic' at Davos