DAVOS, Switzerland — Spanish Prime Minister Pedro Sánchez said on Wednesday that tech billionaires want to use social media “to overthrow democracy” — adding he’ll push EU leaders to take action.

Social media owners should be held responsible for "poisoning society" and eroding democracy with their algorithms, Spanish Prime Minister Pedro Sanchez told the World Economic Forum in Davos on Wednesday.

Pedro Sánchez, Prime Minister of Spain, discusses potential tariffs, defense spending and misinformation on social media from the sidelines of Davos 2025.

He’s not showing up in person, and his video address will come as the World Economic Forum is already winding down. But Donald Trump is still what everyone wants to talk about in Davos. Fans like Argentine President Javier Milei are celebrating.

After six years in office, Spanish Prime Minister Pedro Sanchez is blindsiding executives and investors with policy surprises in the euro area’s most successful major economy.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci,

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

President Volodymyr Zelensky discussed military assistance to Ukraine and the strengthening of sanctions against Russia with Spanish Prime Minister Pedro Sánchez. — Ukrinform.

Chief Adviser Prof Muhammad Yunus continued his broader engagement with the global leaders at the 2025 annual meeting of the World Economic Forum, with over a dozen of engagements planned for Thursday,

“I’m pretty comfortable with the market expectations for the upcoming two meetings,” the Dutch central banker told Bloomberg TV. “I’m not convinced yet that we need to go into stimulative mode.”

Pedro Sánchez's government is immersed in an authoritarian drift whose next step is that anyone can suffer reprisals for expressing opinions on the Internet that are not to the liking of the socialists and their communist partners, whose allergy to dissent is one of the characteristics of the so-called "cancellation culture."

Spanish Prime Minister Pedro Sanchez said he would propose to ban purchasers from outside the European Union from buying properties, as the government seeks to curb rising housing prices, which have become an increasing source of friction.

Social media owners should be held responsible for "poisoning society" and eroding democracy with their algorithms, Spanish Prime Minister Pedro Sanchez told the World Economic Forum in Davos on Wednesday.