In his final address to the nation, five days before turning over the Oval Office to President-elect Donald Trump, President Joe Biden delivered a dire warning against the dangers of big tech and a social media landscape without a fact checking. Biden first warned of an oligarchy forming in the upper echelons of America that is threatening democracy as we know it. Today, an oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead, Biden said.Related StoriesThe 46th president was most likely referring to Mark Zuckerberg, who has disbarred fact checking on Facebook and Instagram and donated $1 million to Trump through his tech giant Meta, and X and Telsa mogul Elon Musk, who has made it abundantly clear he will stand as a huge point of influence through Trump upcoming term. Popular on VarietyBiden emphasized that social media giving up on fact-checking could pose a great danger to the freedom of information and the pursuit of truth in the U.S., adding that the free press is crumbling and giving way to an avalanche of misinformation and disinformation enabling the abuse of power.The truth is smothered by lies told for power and for profit, Biden said. We must hold the social platforms accountable to protect our children and our families and our very democracy from the abuse of power.Biden also took a slight jab at Trump during the address, demanding the constitution be amended so that no president is immune from crimes that she or she commits while in office. Trump was found guilty of 34 felonies in March related to falsifying documents to cover up payments to adult film star Stormy Daniels. He also called for an 18-year term limit for Supreme Court justices, which has remained a hot-button issue following the overturning of Roe v. Wade in 2022.