FaceBook (aka Meta) is the worse company of the year according to survey
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Every December, Yahoo Finance selects a Company of the Year, based on its market performance and its achievements that particular year. In 2021, Microsoft (MSFT) took home the crown, smashing through the $2 trillion market capitalization mark and seeing a 53% surge in its stock price as of Dec. 16, year-to-date.
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However, the spirit of Festivus has taught us we can learn just as much from the bad as the good by airing our grievances. That’s why Yahoo Finance also selects a Worst Company of the Year, polling our audience as to which company upset them the most.
Our survey’s 1,541 respondents were mad about a lot this year, from the Robinhood (HOOD) trading freezes last winter to electric truck startup Nikola still not having its act together. But one company irked them the most — Facebook (FB). The survey’s results shed more light on why the company decided to rebrand this year to a new name: Meta Platforms.
The open-ended survey was posted on Yahoo Finance on Dec. 4 and Dec. 5, and dozens of names were submitted. Facebook received 8% of the write-in vote.
Facebook has had its share of controversies this year. It’s been under the antitrust microscope and faced a flurry of allegations from a whistleblowerclaiming Facebook ignored safety issues for the sake of growth. Congress is constantly demanding answers from the company on both fronts. At the same time, some critics, including conservatives, say Facebook over-policed the platform’s speech and stifled their voices. Other critics, including those on the left side of the aisle, claim Facebook allows the spread of misinformation.
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