Biden criticizes social media firms for failing to address misinformation in farewell address

In his farewell address, President Joe Biden criticized social media companies like Facebook and X for failing to combat misinformation. He expressed concern over the decline of fact-checking and the rise of disinformation, which he believes threatens democracy. Biden's comments follow a recent decision by Meta to end its fact-checking program, citing perceived political bias. This change aligns with efforts by tech companies to improve relations with the incoming Trump administration. Biden warned that unchecked power from wealthy individuals could lead to an oligarchy, undermining democracy and basic rights. He called for accountability from social media platforms to protect families and democratic values.