Economy

George Soros slams Facebook and Google as a 'menace'

George Soros slams Facebook and Google as a 'menace'”

The billionaire investor and philanthropist George Soros has launched a blistering and multipronged attack on Facebook and Google, arguing the tech giants' size and "monopolistic" behavior had made them a "menace" to society, damaged democracy, and encouraged "addiction" akin to gambling companies, Business Insider reports.

Soros, who been a core donor to the Democrats, also laid in to the Republican President Trump, calling him a "temporary phenomenon" who will be gone by 2020.

However, Soros didn't stop there on the dangers of Trump's presidency.

He said that the businessman-turned-politician wanted to create a "mafia state", but was being barred by the US's constitution and "vibrant civil society". He reportedly had lost about $1 billion when the market surged higher after Trump's victory.

"The survival of our entire civilisation is at stake".

"Indeed, the United States is set on a course to nuclear war by refusing to accept that North Korea has become a nuclear power".

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He said: "The threat of nuclear war is so horrendous that we are inclined to ignore it".

Soros even gave his advice on how to thwart a nuclear war by suggesting a "carrot and stick" approach, in which North Korea is rewarded by the United States for holding off on developing its nuclear weapons further than it already has.

"Clearly I consider the Trump administration a danger to the world", he said.

In a speech Thursday at the World Economic Forum in Davos, the head of Soros Fund Management and the Open Society Foundations lashed out at the administration's strategy toward North Korea, CNBC reported.

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.



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