In a nutshell: Meta, which most individuals nonetheless know as Fb, has capped off certainly one of its most controversy-riddled years by being topped the worst firm of 2021, as voted for by the individuals of a current survey.
Yahoo Finance has a December custom wherein it declares the Firm of the 12 months—Microsoft took the honors in 2021—however this yr sees a less-welcome award: the worst agency of the final 12 months.
The publication writes that 1,541 individuals responded to the open-ended survey between December 4 and 5. Dozens of names had been put ahead, however there was a really clear winner: Fb, or Meta, to be correct, taking 8% of the vote. It was a decisive win for Mark Zuckerberg’s agency; Fb/Meta took 50% extra votes than second-place Alibaba.
The end result isn’t completely stunning. 2021 has been Fb’s worst yr since being embroiled within the Cambridge Analytica scandal in 2018. There was the continued WhatsApp data-sharing controversy, customers’ cellphone numbers being offered on Telegram, it allegedly overestimating viewers figures, extra antitrust lawsuits, preventing with Apple over Cupertino’s App Monitoring Transparency coverage, the large outage, and the Instagram for Children venture.
However the largest PR hits got here in September when firm paperwork appeared to point out Fb understood simply how dangerous Instagram could possibly be to teenage ladies. There was additionally whistleblower Frances Haugen’s testimony that Fb prioritizes revenue over its affect on society.
In the midst of the whistleblower information cycle, Fb introduced that it could be altering its company identify to Meta, a transfer it possible hoped would distract the general public. The corporate has additionally been selling its metaverse idea, one thing few individuals appear to care about.
Following Fb on the worst-companies listing is Alibaba, AT&T, and Nikola, with most complaints geared toward these companies’ share costs in 2021. Tesla took fifth spot as a result of anger over it rolling out unready merchandise, sexual harassment /race discrimination allegations, and Elon Musk dwelling as much as his self-proclaimed Edgelord persona. Nonetheless, it by no means stopped him from profitable Time’s particular person of the yr.