Every year, Yahoo Finance organizes a poll to crown the best company of the year based on stock pricing, market value, and various other factors. Apart from naming the best one (which is Microsoft), Yahoo Finance also conducted an open-ended survey to determine the worst company of 2021. And Facebook, now known as Meta, has grabbed the top spot as the worst company of 2021.
According to a report by Yahoo Finance, out of the 1,541 respondents, most of the participants voted Meta as the “worst company of the year.“ The social media giant received 50 percent more votes than the Chinese e-commerce company Alibaba, the first runner-up. It even received 8% of the write-in vote.
Some participants also mentioned the recent controversy, initiated by an ex-employee, Frances Haugen, who claims that Facebook compromised on safety measures to grow in the market. These significant controversies and scandals drove Meta to become the worst company of the year.