Mathias Döpfner, CEO of Europe’s largest newspaper publisher Axel Springer, summarized the significance of the digital revolution by saying: “If fossil fuels were the fuels of the 20th century, then those of the 21st century are surely data and user profiles.”
In an open letter to Eric Schmidt, Döpfner argued that Google and others are becoming “new digital super-authorities”, which pose as a danger in extracting themselves from the reach of regulation. He even went so far as to openly admitting being afraid of their power.
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