George Soros may invest more in fighting Big Tech

Source: 
Author: 
Coverage Type: 

Billionaire investor George Soros launched a brutal attack on big online platform companies at 2018’s World Economic Forum meeting in Davos. Now, his influential organization is "certainly examining new ways" to tackle the growing power of tech giants. With a global reach and an annual budget of more than a billion dollars, the Open Society Foundations has the ability to significantly shape the growing debate over the power of Big Tech.

“The Open Society Foundations has long worked on issues involving the free and democratic flow of information and the ways in which a concentration of power can affect knowledge and communication,” Open Society Foundations acting Co-Director of US Programs Laleh Ispahani said. “Mr. Soros’s speech reflected rising concern about the effects of a handful of giant internet platforms having so much influence, and we’re certainly examining new ways we might address those concerns in ongoing conversations not just in the U.S. but among our foundation colleagues globally.”


George Soros may invest more in fighting Big Tech