Google's ex-CEO decries antitrust suit, says social networks are 'Amplifiers for Idiots'

Former Google CEO Eric Schmidt doesn't think much of this week's government antitrust action against the search giant. But he said at a virtual Wall Street Journal conference on Wednesday that the "excesses" of social networks are going to bring more regulation of Internet platforms in the future. “The context of social networks serving as amplifiers for idiots and crazy people is not what we intended,” Bloomberg reported that Schmidt said. “Unless the industry gets its act together in a…