[ April 16, 2024 ]
Hard to believe they were ever on the list. The bar must be mighty low.
Facebook Removed from S&P List of ‘Ethical’ Companies
By Lucas Nolan, Breitbart, :
Story continues below advertisementThe Silicon Valley Masters of the Universe at Facebook has been removed from the S&P list of ethical companies following a number of scandals surrounding the company.
The Telegraph reports that Facebook has been removed from Standard & Poor’s Environmental, Social, and Governance (ESG) Index after the company received a score of 22 for social responsibility and only 6 for governance, out of a possible 100, scoring extremely poorly.
Reid Steadman, S&P’s social and governance chief, stated that the growing number of privacy concerns around the company including “a lack of transparency as to why Facebook collects and shares certain user information,” resulted in low scores for the firm. S&P cited the Cambridge Analytica scandal as one of the reasons for the tech giant’s poor performance.
“These events have created uncertainty about Facebook’s diligence regarding privacy protection, and the effectiveness of the company risk management processes and how the company enforces them,” Steadman said. “These issues caused the company to lag behind its peers in terms of ESG performance.”
On April 30, Oracle and IBM were also removed from the index but Facebook was the largest tech firm removed from the list. Facebook is the fourth-largest company in the S&P 500, with Microsoft, Apple, and Amazon taking the top three places. Google’s parent company, Alphabet, comes in sixth on the list.
Facebook does not need any further bad press as the company plans to reveal its new Libra digital cryptocurrency next week with backing from over a dozen other companies. Visa and Mastercard are reportedly quite invested in the currency while other Silicon Valley firms such as PayPal, Uber, Stripe, and Booking.com are fully supporting the currenc
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19 Comments
4 years ago
Would not trust any company with my information or families today. Just only have to listen to the attacks on Trump by tge left companies, not to trust them
4 years ago
Reply to
knightsstrength
You wouldn’t want to set up a bank account with The First National Bank of Long Island, then, if you live in the NYC Metro. They have a motto which, in our day and age, is positively creepy: “The Bank Where Everyone Knows Your Name.”
4 years ago
WOW. While this story probably won’t get much traction, it would be a devastating blow to most who still have their instincts working.
4 years ago
Long overdue. Its a Left/Liberal pro-jihadi nest.
And Left/Liberals support illegals/jihadis !
Left/Liberal are also making ISIS / jihadis happy by making beheading fashionable https://tinyurl.com/y7k93bs9
Insane ?
4 years ago
Reply to
Suresh
Not just pro-jihadi, but also pro-pervert/sodomite/pedophile/human trafficker.
4 years ago
4 years ago
Zuckerberg may be a globalist puppet. But if we compare our degree of freedom with Hitler, Mao or Stalin,
we have to state that “Google-Jews” make an enormous amount of information flow possible. The problem
of those who are too well off is that one day they become presumptuous with those who were too benevo-
lent towards them. It is called hubris. Hybris are overfed donkeys who stomp defiantly and refuse to serve.
4 years ago
Reply to
Marc
Dissatisfaction always wants only to ha-
ve, it is never to be satisfied. Something
is always missing for alleged happiness.
4 years ago
This alien life-form needs to be removed from the planet.
4 years ago
Data mining again. It’s what his plastic face was born for.
4 years ago
Didn’t Obama retaliate against S&P for their downgrading the US’s credit rating during his Presidency when he was running up deficits up the gazooka?
4 years ago
Can you hear the angels singing the Hallelujah chorus? I can. Loud and clear. Oh, and I hear cheering and clapping and I believe there are standing ovations all over the heavens.
4 years ago
Facebook has long been too politically correct and pro-Islam for my liking, sadly.
4 years ago
Is it just me or does he look like a lizard? Lizard Man.
4 years ago
Good.
4 years ago
Couldn’t happen to a more deserving company.
4 years ago
Facebook and some other Social Media outlets stiffle free speech. Anybody who has been “suspended” knows that it is up to their censors and “Community Standards” to review your thoughts. In doing so, they are rejecting First Amendment Rights (Freedoms) and need to be better regulated.
We now know that Facebook is not democratic. They pick and choose what is printed on their pages. We give up the Right to privacy, and they gain the Right to sell our private information to any buyer. This includes things you may have copyrighted. Anybody who can figure a way to copy it can take it.
Most people don’t realize that when they take one of those ever-popular polls, they are giving away a lot of personal information. When you “tag” a friend, you add to their library for facial recognition. Facebook is wealthy because of you and me. It does not cost us a penny or a dime, but it is more expensive to use than we realize.
4 years ago
Facebook – muslim dump
4 years ago
If any group of people on earth have truly earned despicable, deplorable or reprehensible labels it is the hideous employees, and the deplorable algorithm they have unleashed on we, the unwashed, deplorable irredeemables who don’t support their point of view way over on the left coast, Che-Town, Filthydelphia, Transfrancisco and other bastions of liberal stupidity.
