Biden warns of tech billionaires' power in farewell address

In his farewell address, President Joe Biden criticized the growing power of wealthy tech billionaires like Elon Musk and Mark Zuckerberg. He warned that this "dangerous concentration of power" threatens American democracy and called for reforms to address monopolies. Biden highlighted issues such as misinformation and the decline of the free press, linking them to the influence of the tech industry. He expressed concern over the lack of fact-checking on social media platforms and the impact on public discourse. Additionally, Biden proposed reforms including term limits for Supreme Court justices and restrictions on stock trading by Congress members. He also emphasized the need to clarify that no president is above the law.