10 Most Hated Companies in America Right Now

1. Facebook

Finally, we have Facebook Inc. (NASDAQ:FB), which we believe deserves the top spot of among the most hated companies in America right now. There are 9.66 million results for “hate Facebook” and it’s highly likely that a high number of the mentions of the phrase are fairly recent. After being accused of allowing the spread of fake news that were used to influence the presidential election in the US and the Brexit vote, Facebook Inc. (NASDAQ:FB) has found itself in hot water when it was discovered that Cambridge Analytica, a London-based election consultancy, harvested data from millions of users that allegedly was used to influence voters. On April 10, Facebook Inc. (NASDAQ:FB) CEO Mark Zuckerberg testified before Congress, explaining how the misuse of data occurred and how Facebook is going to change the way it handles its users’ information.

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Since the news broke out, Facebook Inc. (NASDAQ:FB)’s stock plunged by over 11% in the following week and it still hasn’t recovered. Analysts expressed concerns that the data privacy issues might led to some hesitancy among advertisers and active user figures might decline in the short-run. However, many also believe that a lot of the decline is due to hype and argue that despite all the issues Facebook Inc. (NASDAQ:FB)’s financial position is very strong and it will continue to generate cash over the long run. Since the news about the Cambridge Analytica scandal broke out, analysts covering the stock issued updates, most reiterating bullish ratings and some only lowering their price targets.

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