Overview

• Joe Biden delivered a somber farewell address, warning of a growing 'oligarchy' in the U.S. fueled by the influence of ultra-wealthy individuals and tech magnates like Elon Musk and Mark Zuckerberg.
• Biden expressed concerns about the erosion of democratic safeguards and the risks posed by unchecked power, including disinformation and the rise of a 'tech-industrial complex.'
• The outgoing president highlighted threats to climate progress and urged vigilance against forces undermining environmental measures and democratic principles.
• Donald Trump, set to return to the presidency on January 20, has garnered significant support from prominent tech leaders, some of whom are expected to attend his inauguration.
• Biden concluded his speech by urging Americans to 'stand guard' and protect democratic values as he ends his 50-year political career.