Facebook-meta earns the title of ‘Worst Company of 2021’ in this poll

Facebook parent Meta has been named Worst Company of the Year (2021) by Yahoo Finance respondents. According to the publication, an “open-ended” survey was published on Yahoo Finance on December 4 and 5, in which 1,541 respondents participated. Facebook The write-in received 8 percent of the vote, but respondents seemed paranoid about the Robinhood trading app as well. Electric truck startup Nikola, which was named the worst company last year by the same publication, also faced the ire of respondents.

“Facebook has had its share of controversies this year,” notes Yahoo Finance. Starting in January, Meta-owned WhatsApp was embroiled in a major controversy after the messaging app. Announced a new privacy policy (terms of Service). WhatsApp said that it will collect user information and share it with third party apps for better user experience. However, the app did not give any option to the users but later amended the policy under pressure. Similarly, the company was under more scrutiny after whistleblower and former Facebook employee Frances Haugen leaked a series of internal documents showing the company’s problematic practices. It turned out that Meta-owned Instagram had a negative effect on teenage girls, but the company did almost nothing to fix the problem.

Yahoo Finance even highlights, “At the same time, some critics, including conservatives, say Facebook exercised more control over platform speech and suppressed their voices.” Critics also blamed Facebook and other social media platforms for not curbing hate speech, which led to the Capitol building. riots

However, about 30 percent of Yahoo Finance readers said Facebook or Meta could redeem itself. One respondent suggested that the company could issue a formal apology for negligence and donate a substantial portion of its profits to the foundation to help cover its losses.

On the other hand, the respondents chose Microsoft as the company of the year (2021). The Satya Nadella-led company touched the trillion mark this year and ushered in a remarkable upgrade. Most notable is the Windows 11 OS update that succeeds Windows 10.

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