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soro attacked google and facebook said your days are numbered

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Soro attacked Google and Facebook, said Your days are numbered

Georg Soro(-87 years of age as at the writing of this news), a Hungarian-born financier and a billionaire investor attacked the world tech giants , FACEBOOK and GOOGLE at the submit on Thursday that was hosted at the World Economic Forum in Swiss alpine resort.

He referred to the giants as monopolies which could be manipulated by the authoritarians of the day to subvert democracy if careful attention was not given to this observation.

George made references to other compelling issues that included the speculation frenzy surrounding the bit coin crypto currency made by the US president, Donald Trump. He was a bit reserved to comment on the Silicon Valley, pointed out that the tech giants needed to be more regulated.

Facebook and Google effectively control over half of all internet advertising revenue, Soro affirmed. They claim that they are merely distributors of information. 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.

In his prediction, he said that the tech giants would compromise themselves into accessing key markets like China, thereby created an alliance between authoritarian states and these large, data rich IT monopolies. This may well result in a web of totalitarian control the likes of which not even Aldous Huxley or George Orwell could have imagined, George Soro warned.

Soro said that he chose to make the prediction in Davos, because it was the right place to announce, to him the governments would start to more heavily regulate the sector.: Davos is a good place to announce that their days are numbered. History has it that Soro is not to be taken lightly when it comes to prediction, and a legendary successful currency trading too. He referred to bit coin as a typical bubble.

But George said that the crypto currency would not experience full crash because the authoritarians, given to their antecedence and nature would still use it to make secret investments abroad being the easy rout for them with regards to the kind vehicle of investment they chose. George Soro described Donald Trump as danger to the world, but his appeal would not last, and also described Rushia Vladimir Putin as presiding over a mafia state

I regard it as a purely temporary phenomenon that will disappear in 2020 or even sooner. Records has it that Davos does not predict with bias mind, and one should not take it with levity. In Switzerland last year, he raised alarm that the stock market rally would end after Trump election, and it was so, then that China growth rate was unsustainable, which resulted to china growth, while the US stocks hit records high then. Post your comment here

Posted in World News Today on January 26, 2018 by Saliu Emmanuel.

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