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Joe Biden warns of tech billionaires' threat to democracy in farewell address

  • President Joe Biden warned about the influence of tech billionaires on American democracy during his farewell address, stating that an oligarchy is forming in America.
  • Biden highlighted the role of Elon Musk and other tech leaders in supporting the incoming administration, raising concerns about campaign financing and policy-making.
  • Mark Zuckerberg's Meta announced the end of its third-party fact-checking program, which has increased worries about misinformation in the digital age.
  • Biden cautioned that misinformation is enabling the abuse of power, stating, 'The truth is smothered by lies told for power and for profit.
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