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Benzinga
Benzinga
Business
Madhukumar Warrier

Jack Dorsey Says Facebook Made A Mistake By Working On Diem — Should Have Focused On Bitcoin Instead

Jack Dorsey Facebook Meta NYSE Facebook Inc. Twitter Inc.

Twitter Inc. (NYSE:TWTR) founder Jack Dorsey said that Facebook Inc., now rebranded as Meta Platforms Inc. (NASDAQ:FB), should have focused on making Bitcoin (CRYPTO: BTC) more accessible to people instead of working on its failed cryptocurrency project Diem.

What Happened: “Hopefully they learned a lot, but I think there was a lot of wasted effort and time,” Dorsey said during an interview by MicroStrategy Inc. (NASDAQ:MSTR) CEO Michael Saylor at the “Bitcoin for Corporations 2022” conference on Tuesday.

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