Survey Calls Facebook ‘Worst Company of 2021’

Contact Your Elected Officials
The Epoch Times Header

After a year of controversy, the tech company has finished first in a race to the bottom, according to a new poll by Yahoo Finance

Meta Platforms, formerly known as Facebook, was declared “the worst company of 2021” in the results of an audience survey conducted by Yahoo Finance.

The poll, which surveyed 1,541 readers, saw Facebook receive 8 percent of the total votes for the ignominious distinction.

Respondents were polarized in their assessments of the tech company and expressed contradictory reasons for their disdain. Conservatives and dissidents expressed frustration with the tech company for being overly censorious and discriminating against their views. However, progressives often complained that the company did not go far enough in its efforts to eradicate perceived misinformation, with many claiming that the company was inadequately suppressive of skeptical views regarding the CCP (Chinese Communist Party) virus pandemic and the 2020 United States presidential election.

Last September, Facebook fell under scrutiny for The Facebook Files, a series of investigative reports published by the Wall Street Journal and based on leaks provided by whistleblower Frances Haugen. Much of the publicity around the leaks focused on the impact of Instagram (a subsidiary of Meta Platforms) on teenage girls, and the company’s alleged indifference to those concerns. Haugen also alleged that Facebook’s potential for radicalization has contributed to genocides in Myanmar and Ethiopia, among a myriad of other concerns expressed in the reports.

Additionally, the company has been under the scrutiny of antitrust regulators for several years. Last year, the Federal Trade Commission and the attorneys general of 48 states sued Facebook for alleged violations of antitrust laws. That particular case against the company was dismissed as legally insufficient, but the lawsuit is still pending as the court considers dismissing the case outright.

Perhaps owing to this negative publicity, Facebook rebranded the parent company which oversees its platforms as Meta Platforms last October. The new name coincides with Zuckerberg’s increasing emphasis on the concept of the “metaverse,” a concept in which the internet would be presented as a simulated, three-dimensional world accessible through virtual reality. The proposed Facebook metaverse has been no less controversial, with critics calling it everything from ridiculous to dystopian.

Still, Meta’s stock value has seen 22 percent growth in the past year—lagging somewhat behind the S&P, but hardly a crisis for investors. For strictly financial concerns, Meta appears in much better shape than the second-place finisher for worst company of 2021: the Chinese e-commerce giant Alibaba, which has seen its stock price plummet by over 50 percent after a tumultuous year of harassment by the Chinese Communist Party.

However, Facebook has seen itself dogged by controversy since its inception, and this has not deterred it in its rise to become an information powerhouse. It is thus unclear whether such negative publicity will serve as a significant deterrent to the company, which still persists as a leader in social media even despite the ensemble of negative publicity it has received.

Facebook/Meta Platforms did not respond to a request for comment.

By Nicholas Dolinger

Read Original Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Trump’s Middle East Triumph is Worth Celebrating Even As Peace Remains Elusive 

President Trump’s bold foreign policy defies globalist appeasement, showcasing unwavering American strength and decisive leadership on the world stage.

Are conservatives fighting a fiction of woke?

Wokery, it hurts to say it, is too disorganized to have an organized cosmology or doctrine of metaphysical belief.

Illinois Democrat Offenders Reveal Party

The crime of J.B Pritzker and Brandon Johnson in this episode of American history is called subversion at the least , but could be as serious as treason.

Inside the Public School Librarian Jihad to Keep Transgender Propaganda on Shelves

Public school librarians are doing all they can to keep child tranny propaganda flowing directly into the malleable minds of their charges.

Five Reasons Why The Latest Czech Elections Were So Important

Populist-nationalist politician Andrej Babis is poised to return to the premiership after his party's victory. Here are 5 reasons why this is so important.

New York AG Letitia James Indicted on Federal Charges

New York Attorney General Letitia James was indicted by a grand jury on federal charges, according to an indictment on unsealed on Thursday.

6 Ways Vaccine Policy Has Changed Under RFK Jr.

Health Sec RFK, Jr. and officials at the HHS changed recommendations and policies for multiple vaccines, including shots against COVID-19 and measles.

Journalists Recount Antifa Violence in Roundtable With Trump

President Trump met at the White House with journalists attacked by the newly designated terrorist group Antifa, joined by Cabinet officials for a roundtable.

IRS to Furlough 34,000 Employees as Government Shutdown Halts Treasury Operations

The IRS said in an emergency message to staff that it will furlough more than 34,000 employees starting on Oct. 8 due to the government shutdown.

Trump Says He May Invoke Insurrection Act in Portland If Necessary

President Donald Trump on Oct. 6 said he may consider invoking the Insurrection Act in Portland, Oregon, if necessary.

Trump: All Medium, Heavy Duty Trucks Entering US Will See 25 Percent Tariff on Nov. 1

President Trump announced on Monday that all medium and heavy-duty trucks entering the United States will see a 25 percent tariff starting on Nov. 1.

Treasury Names Social Security Commissioner as CEO of IRS

Treasury Sec. Scott Bessent announced that Frank Bisignano, the head of the Social Security Administration (SSA), will also serve as CEO of the IRS.

Agencies Terminated, Descoped 94 Wasteful Contracts With $8.5 Billion Ceiling Value, Says DOGE

Various federal government agencies have terminated and descoped 94 wasteful contracts over the past five days, DOGE said in an Oct. 4 post on X.
spot_img

Related Articles

Popular Categories

MAGA Business Central