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Facebook Crowned 'Worst Company of 2021' by New Survey
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3bn people? Yeah right. How many of those accounts are doubles or triples or quadruples? How many were created by bots? I used to have 4 Fakebook accounts until I deleted them all.Yet nearly 3bn people use it every month. Let that sink in for a minute, that is approximately 2,800,000,000 people, 35% of the worlds population - every month.
For all Apple's marketing about privacy, forum frothings about people and their data being the product, even the acceptance that Facebook/Meta really is a cancer on society, it is clear that the majority of internet users do not care.
Yet nearly 3bn people use it every month. Let that sink in for a minute, that is approximately 2,800,000,000 people, 35% of the worlds population - every month.
For all Apple's marketing about privacy, forum frothings about people and their data being the product, even the acceptance that Facebook/Meta really is a cancer on society, it is clear that the majority of internet users do not care.
I wouldn't draw that conclusion.
Some may not care.
Some may feel helpless; "everyone is abusing data anyway, might as well choose Meta".
Some may not understand the repercussions. Privacy is hard to understand. Digital privacy especially so.
Some may have weighed the benefits and tradeoffs. Less privacy, but OTOH, you get to stay connected to your family.
I learned long ago that your network/internet is a public thorofare. ANY photo, email, text, video/facetime, or social comment posted and digitally stored may be observed by those with the skill to do so. Facetime is a Pandora's Box.
There is a risk with not having a social media account. Unless it's widely known that you don't use social media, people who search for you will assume they found your account if the only account they find is one that appears to be you. Years ago I remember seeing articles and reports about how you should let your kids have myspace and Facebook accounts just so that deceptive people can't make an account in their name.
Caring about privacy is not the same as affording privacy. Apple is all in on privacy because they know people will pay a premium for it, but there are billions of people for whom that price is simply out of reach.Yet nearly 3bn people use it every month. Let that sink in for a minute, that is approximately 2,800,000,000 people, 35% of the worlds population - every month.
For all Apple's marketing about privacy, forum frothings about people and their data being the product, even the acceptance that Facebook/Meta really is a cancer on society, it is clear that the majority of internet users do not care.
Every single person in this comment section and their moms are still using Facebook!
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I am not disagreeing with your statement, but I fail to see how it applies here. You can't afford to not have Facebook? Social media? Even if there was a paid (with cash, not ads) alternative that was privacy-focused the value of social media comes not from the features offered on the platform but the number of people you wish to engage with. Even if one could afford said paid service, if your contacts can't or won't there is no reason for you to pay for it since you wouldn't be able to engage with them.
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There's a lot to dislike about various social media platforms but this didn't seem to have a negative impact on Facebook/Meta's stock performance so far this year, especially compared to some other companies on the list.
YTD performance:
Facebook/Meta - up 24%
Alibaba - down 46%
AT&T - down 19%
Nikola - down 38%
Tesla - up 28%
Robinhood - down 45%
YTD performance:
Facebook/Meta - up 24%
Alibaba - down 46%
AT&T - down 19%
Nikola - down 38%
Tesla - up 28%
Robinhood - down 45%
What’s that people find so fascinating about facebook? I had no trouble whatsoever giving up that ****** place for good years ago.
Facebook's metaverse BS is most likely going to be even worse than the scams and abuses on Roblox, Fortnite and Minecraft.
Here's just a small taste of how bad it is. Delete all Facebook companies from your life and keep it away from kids.
Here's just a small taste of how bad it is. Delete all Facebook companies from your life and keep it away from kids.
Wrong on both counts (just taking myself as an example). A company on it's own can't be a bad thing, it's how the leader of the company (that avarice laden MZ prick) steers, or allows to be steered, the ship to increase his personal fortune at the expense of literally everything out there that gets in his way. He is the greediest, most toxic human on the planet.
It is easier for people without family and friends all over the world who also use it to give it up.
Shout-out to the person in the survey who said “Facebook could redeem itself by acknowledging and apologizing for what it did and donating a ‘sizable amount’ of its profits for a foundation to help reverse its harm.”
Corporations def have the capacity to be sorry and I’m sure they care about being on some dumb list yahoo put out that, like, under 1% of it users will read and no one will remember in a week. Remember the whistle blower? Yeah me neither, I’m too busy laughing about how bad the meta commercial is and making sweet baby rays memes. Got em! 🙄
As if the issues at play here is one bad apple and not a doomed system driven by a requirement for increased year over year profit maximization. If you don’t like Facebook, buckle up, every company will be forced to be them if conditions get worse enough for them.
Corporations def have the capacity to be sorry and I’m sure they care about being on some dumb list yahoo put out that, like, under 1% of it users will read and no one will remember in a week. Remember the whistle blower? Yeah me neither, I’m too busy laughing about how bad the meta commercial is and making sweet baby rays memes. Got em! 🙄
As if the issues at play here is one bad apple and not a doomed system driven by a requirement for increased year over year profit maximization. If you don’t like Facebook, buckle up, every company will be forced to be them if conditions get worse enough for them.
Why “needs to”? I hate facebook as much as the next guy (heck, probably twice as much as the next guy), but I fail to see the rationale behind the necessity.
Now, if you’re only wishing it’d shut down, you can sign me in too.
Well deserved!
Facebook, otherwise known as Meta, has been crowned the worst company of the year, following a turbulent 12 months of controversies, public backlash, and an eventual entire rebrand of the social media giant, according to a survey conducted by Yahoo Finance.
Yahoo Finance every year crowns the best company of the year, with Microsoft taking the top spot for 2021. This year, however, Yahoo Finance also did a "worst company of the year" challenge, with Facebook, now known as Meta, quickly taking the top spot. According to the survey, which polled over 1,000 individuals, Facebook received 50% more votes for the spot compared to Alibaba, a Chinese e-commerce platform.
Those surveyed have a "litany of grievances" towards Facebook, including but not limited to concerns over censorship, reports about Instagram's impact on mental health, and privacy. While the survey results are grim and not in the company's favor, 30% of the participants responded positively to whether Facebook could "redeem itself."
Facebook, amid scandals, did rebrand itself to "Meta," marking the start of a new direction for the company, according to its founder and CEO Mark Zuckerberg. The new name is meant to be more in line with the goal of building a "Metaverse," an entirely digital world. The rebrand was widely seen as an attempt to distract from scrutiny, and according to some participants in the survey, it worked.
Facebook has long been embroiled in public concerns over the privacy of its users. Facebook has notably fought with Apple over changes in iOS and iPadOS that make it harder for companies to track users across other apps and websites.
Facebook has claimed the new change, App Tracking Transparency, would hurt small businesses that rely on advertising to attract new customers. Mark Zuckerberg has gone as far as to say that Facebook's lackluster growth in the last quarter of the year was partly to blame on ATT (App Tracking Transparency).
Apple CEO Tim Cook has also not shied away from calling out Facebook for its practices and business model. In a speech at the start of the year, Cook implied that Facebook's business model leads to polarization and violence. A Meta spokesperson declined to respond to a comment from Yahoo Finance regarding the survey.
Article Link: Facebook Crowned 'Worst Company of 2021' by New Survey
You're right, but there is a trend that I see that gives me hope for this pattern to be broken. Younger folks switch services a lot faster. Tumblr, Snap, Instagram, TikTok all seem to spike and then taper off. Who still uses Snap? Facebook has staying power only because it comprised largely of older folks because it was first to get big. Millenials and younger don't seem to be there much anymore. With the latest Shoot Up Your School Challenge I think TikTok is gonna start its decline in earnest.
Twitter is an outlier in this analysis and I'm still trying to figure that out.
Doesn't matter. People will still use them because they think it's the only way they can keep in touch with people... as if phone calls, email, group texts, etc. don't exist.
People that care about you will find a way to keep you in the loop. If they don't, that's the value of your relationship with them.
Keep FB if it's a requirement for business, but if it's not... let that **** go.
People that care about you will find a way to keep you in the loop. If they don't, that's the value of your relationship with them.
Keep FB if it's a requirement for business, but if it's not... let that **** go.
It's ironic to see Yahoo! naming a worst company. Also, Microsoft doesn't deserve to be named best.
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I don't care about privacy, especially not other people's privacy. I do care about FB making people antisocial, which is something the users won't realize. This was a big problem in my friend groups maybe 8 years ago, but now people don't use social media like they used to, and it's better.Yet nearly 3bn people use it every month. Let that sink in for a minute, that is approximately 2,800,000,000 people, 35% of the worlds population - every month.
For all Apple's marketing about privacy, forum frothings about people and their data being the product, even the acceptance that Facebook/Meta really is a cancer on society, it is clear that the majority of internet users do not care.
Also I wanna point out that nobody hated FB until the media started going after them ~5 years ago, despite their product being basically the same as ever. The big tech news sources used to praise that crap.
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