Yahoo Finance selects the company of the year every December based on market performance and achievements that year. Facebook, which appears in the form of meta, was crowned as the worst company of the year by Yahoo Finance, with 12 months of turbulent debates and public reaction.
Microsoft (MSFT) finished the race this year with a market cap of 2 trillion and a stock price increase of up to 53 percent as of December. But the social media giant Facebook’s rebranding as Metaverse this year has apparently unsettled its users.
Facebook failed to surpass the Chinese company
Microsoft is at the top for Yahoo Finance, which crowns the best company of the year every year. However, Yahoo Finance also made preparations for the worst company of the year. For this selection, Meta, known as Meta, occupies the top spot.
According to the survey of more than 1000 people, Facebook received 50 percent more votes compared to ‘Alibaba’, China’s e-commerce platform. In this case, it was chosen as the worst company of the year.
According to its founder and CEO, Mark Zuckerberg, the company has rebranded under the name “Meta” as the start of a new direction. This new name also complies with the goal of creating a fully digital “Metaverse” world.
Can Facebook save itself?
Respondents have a complaint against Facebook, along with concerns about censorship, Instagram’s impact on mental health, and reports on privacy. Although the survey results are not positive for the company, 30 percent of the respondents think positively that Facebook will save itself.
Some survey respondents indicated that Facebook could redeem itself by acknowledging what it did, apologizing, or donating a substantial amount of its profits to a foundation to reverse a loss. Others see Meta’s rebranding as a cynical attempt.
A significant amount of response focused on executives and founder and CEO Mark Zuckerberg. For the angry investors in the survey, the only way to save themselves is to increase the price of the stock.
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