Among the big tech MAMAA stocks, Facebook draws the most flak from people. Government loves to sue it, people love to criticise it and competitors love to attack it.
Now…
Facebook is voted as the worst company in Yahoo! Finance survey.
Despite this, Facebook is the most populous place on Earth with 2.89 billion active users per month. Perhaps, hate is the price to pay when Facebook arrived in this position, because it attracted enough haters (and jealous competitors / governments) who are vocal enough to oppose it.
The reasons for hate in the Yahoo! survey were contradicting. One group complained there’s too much censorship and an obstruction to free speech. Another group blames Facebook for insufficient policing of undesirable content.
With 2.89 billion active users, the diversity is more than what any government has experienced before. Great power comes great responsibility.
I love Facebook as an investor and entrepreneur. It has a powerful business model where you can mint billions...