Jamie Dimon: TikTok and Facebook are ‘a total waste of time’

Reading widely and consuming history books, Dimon said, would be a much better use of their time.

“My advice to students: study, study, study, study, study, study. If you’re a Democrat, read the Republican opinion. The good ones. If you’re a Republican, read the Democratic ones,” Dimon said earlier. in his answer.

“Read history books. You can’t make it up. Nelson Mandela, Abe Lincoln, Sam Walton. You only learn by reading and talking to other people. There’s no other way,” he added.

Representatives for Dimon at JPMorgan, TikTok and Meta did not immediately respond to requests for comment sent outside regular business hours.

Unlike most business executives, Dimon keeps a relatively low profile on social media.

Apart from LinkedIn, Dimon does not use other platforms like Facebook, Twitter or TikTok – although he admitted to having an Instagram account under a fake username in 2021.

Dimon also criticized social media in his annual letter to shareholders this year, adding that the platforms need to do more to fix the problems they have created.

“There’s no doubt that social media has some real negative effects, from election manipulation to the increasingly documented negative effects on children’s mental health,” Dimon wrote.

“These are issues that affect our individual and collective spheres, and it’s time for social media companies to do more to fix these challenges — and fast,” he added.