Via Daily Caller:
Billionaire investor and activist George Soros took aim at Google and Facebook Thursday during a speech at the World Economic Forum in Davos, Switzerland, calling the tech giants “near-monopoly distributors.”
Soros’ speech included a harsh critique of both companies, with the billionaire referring to the companies as a “menace” that must be stopped with “more stringent regulations,” such as treating the companies like public utilities, according to BuzzFeed.
“They claim they are merely distributing information. But the fact that they are near- monopoly distributors makes them public utilities and should subject them to more stringent regulations, aimed at preserving competition, innovation, and fair and open universal access,” Soros said.