George Soros delivered a strident criticism of two of the world’s biggest technology giants: Facebook Inc. and Google Inc., in a Thursday speech. The billionaire investor who runs family office Soros Fund Management said Facebook Inc. and Google are “obstacles to innovation.” He said their businesses and social networks would see marginal returns, during a speech in Davos, Switzerland at the World Economic Forum. The remarks from the prominent octogenarian come as Facebook is restructuring its newsfeed and social-media platform in the face of criticisms that platforms like Google and Facebook helped to turn the tide of the 2016 U.S. election in favor of Donald Trump, giving a platform to Russians to influence voters. He said the days of dominance of those tech giants are numbered because of taxation and regulation.
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