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Threat to democracy

29 January 2018

Billionaire investor, George Soros, has said the tech monopolies such as Facebook and Google are a threat to democracy.

He told guests to his annual dinner at the World Economic Forum in Davos that these social media giants were ”obstacles to innovation”.

He predicted that their days were numbered because tax policy and regulation would catch up with them. He said: “Internet monopolies have neither the will nor the inclination to protect society against the consequences of their actions.”

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