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The 10 Most Controversial Companies Of 2018 (So Far)

Businesses sometimes find themselves in the news for the wrong reasons. Here are 10 companies that have made headlines this year – but not in a good way.

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1. Facebook

Facebook seemed to have it all: rapid growth, a surging stock price and a dominant position in the all-important social media space. But Facebook found itself in the midst of a firestorm of controversy in March when word got out that Cambridge Analytica, a London-based political consulting firm, had harvested data from Facebook users and used the information to target those users and their friends. Initial reports said data on 50 million users was used, a number later increased to 87 million.

The blowback has been severe with movements to "Quit Facebook" and calls from politicians for tighter regulation on personal data collected by social media companies. Founder and CEO Mark Zuckerberg has undergone intense questioning before U.S. Senate and U.S. House of Representatives committees about the data privacy lapse.

And the incident has had financial implications. In July, when Facebook reported slower-than-expected growth in the number of subscribers – and warnings of slower revenue growth in the future – the company's stock price plummeted, wiping out nearly $120 billion of Facebook's market value.

 
 
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