Chennai: Former Google CEO Eric Schmidt has said that social networks serve as amplifiers for idiots and crazy people.
Schmidt, who is still a majority shareholder of Alphabet Inc, said: “The context of social networks serving as amplifiers for idiots and crazy people is not what we intended. Unless the industry gets its act together in a really clever way, there will be regulation.”
According to a Bloomberg report, he added that the anti-trust suit filed by the US government may be misplaced, but regulations could be in order.
The US Justice Department had sued Google for abusing its dominance in online search and advertising—the government’s most significant attempt to protect competition since its groundbreaking case against Microsoft more than 20 years ago.