Each December, Yahoo! Finance selects a company of the year based on its performance in the market and its accomplishments that year. However, we can learn both bad and good from voicing our grievances. This is why Yahoo! Finance also picks a worst company of the year, polling its audience to find out which company upset them the most.
The survey consisted of 1,541 respondents who were crazy about a lot of things this year, from Robinhood’s commercial freezes last winter to electric truck start-up Nikola still not acting together. But one company annoyed them the most: Facebook. The results of the survey shed light on why the company decided to change its name this year to a new name: Meta Platforms.
The open investigation was published on Yahoo! Finances on December 4 and 5, and dozens of names were submitted.
Facebook has had its share of controversy this year. It has come under an antitrust microscope and faced a wave of allegations from a whistleblower that Facebook is ignoring security concerns in the name of growth. Congress constantly demands business responses on both fronts.
At the same time, some critics, including conservatives, claim that Facebook has over-policed the platform’s rhetoric and stifled their voices. Other critics, including those on the left side of the aisle, claimed that Facebook allowed the spread of disinformation.
What’s especially interesting about the company formerly known as Facebook is the number and variety of reasons people don’t like it. It received 50% more votes than runner-up, Chinese e-commerce giant Alibaba, not for a single offense, but for a litany of grievances from groups of people who may not have much to do with it. ‘other on what to agree.
There were significant censorship complaints, mainly from right-wing and conservative voices who felt the “free speech police” were unfair and that they had the right to say whatever they wanted. on the platform.
On the other side, people have been harassing the platform for failing to control important disinformation that critics believe has helped people not take the death potential of the pandemic seriously. .
Outside of the political conversation, many respondents were unhappy with the company’s effects on children and young people, citing its photo-sharing site Instagram and its effects on mental health, after internal documents revealed that the The company knew that Instagram worsened the body image of teenage girls. problems but did not fix the problem.
For more on this, including the other major “dishonorable” listed, read the Yahoo! Finance report.