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Facebook is decieving: George Soros

Facebook is decieving: George Soros

Like President Donald Trump, the 87-year-old Soros is in Davos, Switzerland, attending the World Economic Forum.

Soros's most blistering attack was directed at President Trump.

To prevent such an escalation, Soros said, the world's major geopolitical actors must now accept that the rogue state has a nuclear programme.

The billionaire investor said these technology giants are not mere distributors of information as they claim to be. Social-media companies "are inducing people to give up their autonomy".

Social media companies exploit the social environment just as "mining and oil companies exploit the physical environment", Soros said.

Soros suggested Facebook and Google should be subject to more stringent regulations which would "preserve competition, innovation, and fair and open universal access", as well as taxation, stating that those two factors will be the death knell for the companies.

US Government Shuts Down Over Immigration and Budget Fight
In recent weeks Dreamers and pro-immigration activists have been holding protests and sit-ins in Washington to pressure U.S. All non-essential Federal employees will be furloughed and will not be paid until a funding bill has passed.

Though both Soros and Benioff are known for their strong opinions and political activism, their words come at a particularly sensitive time for the internet giants, which are grappling with a very public backlash in the wake of the 2016 U.S presidential election.

He is the president of Soros Fund Management and founder of Quantum Fund, and is considered one of the richest men in the world, according to estimates by Forbes magazine.

Furthermore, the magnate has also taken aim at tech giants, namely advocating stricter regulation for Google and Facebook. "People without the freedom of mind can be easily manipulated". And "there is an even more alarming prospect on the horizon", he added. Overseas, Soros said he's concerned that some social media and technology companies may fall into "unholy marriages" with regimes in Russian Federation and China, creating a "web of totalitarian control". To ensure peace, Soros called for China to be embedded in the institutions of global government over the next two decades. The business magnate believes USA internet-service companies are already tempted to give into the demand of authoritarian states in order to gain access to their markets.

Close relationships between technology monopolies and authoritarian states is "an alarming prospect", he said, which could "bring together nascent systems of corporate surveillance with an already developed system of state-sponsored surveillance". "The dictatorial leaders in these countries may be only too happy to collaborate with them, since they want to improve their methods of control over their own populations and expand their power and influence in the United States and the rest of the world". As the prescient warning of a defender of freedom who sees his life's work under threat?

TechJuice for Browser: Get breaking news notifications on your browser. He said the US IT companies' "days are numbered", as their monopoly would eventually be cracked by tighter rules and tax regimes.

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