Many authoritative companies make surveys every year in order to understand which brands and firms performed better than their competitors. One of them is Yahoo Finance, which takes into consideration the market performance and various achievements of world-class companies and evaluates their activity. Also, they name the brand that lands in the lowest row of the table. This usually happens in December. And this year is no exception. A couple of days ago, Yahoo Finance issued a statement, according to which, Microsoft became a new king, reaching $2 trillion market capitalization. In effect, its stock price increased up to 53% year-to-date. As for the worst company of the year, Facebook (Meta) “outrun” all of its competitors.
There have been many companies that disappointed their users/customers. But Facebook (Meta) was inimitable. When looking at the reasons affecting the company’s rating, we understand why it decided to rebrand this year to a new name: Meta Platforms.
What Makes Facebook (Meta) The Worst Company In The World
First, we should remind you that Facebook (Meta) has been under the antitrust microscope. Some insiders even said the company had been ignoring safety issues for the sake of growth. The US Congress is regularly calling Zuckerberg for answers. There have been too many complaints concerning the company’s policy or approach that allows the spread of misinformation.
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The third group of users complains of censorship. We guess you will agree that Facebook users talk about whatever they want and in the way they want. And though some will argue saying it’s “free-speech policy”, we can insist that Facebook is fertile soil for immorality.
Facebook has got tons of negative comments due to its photo-sharing site Instagram. Users think there is almost no control over the content, which could have a bad impact on children and young people. By the way, for the same reason, the US government (and not only it) banned TikTok.
However, 30% of respondents think “Facebook could redeem itself by acknowledging and apologizing for what it did and donating a “sizable amount” of its profits for a foundation to help reverse its harm.” Others are sure that Facebook understands everything very well and rebrands itself to avoid further implications.
Interestingly, many respondents think it can redeem itself by growing its stock price. As for the latest news, the stock is up 22% year-to-date. This is not bad but still lagging the S&P 500. Moreover, it’s down around 13% from its September high.