Companies in the news 2017
Here are some notable companies that made headlines in 2017:
- Uber: The ride-hailing company faced numerous scandals, including allegations of sexual harassment and a data breach that affected 57 million users.
- Equifax: The credit reporting agency suffered a massive data breach, exposing sensitive information of over 147 million people.
- Wells Fargo: The bank faced a scandal over its sales practices, which led to the creation of millions of unauthorized bank and credit card accounts.
- Snapchat: The social media company went public in March 2017, but its stock price struggled to gain traction, leading to a decline in value.
- Amazon: The e-commerce giant continued its rapid expansion, acquiring Whole Foods Market and launching new services like Amazon Echo and Alexa.
- Tesla: The electric car company faced production delays and quality control issues, but also made significant strides in autonomous driving technology.
- Airbnb: The home-sharing platform faced regulatory challenges and controversies over its impact on the housing market.
- Google: The search giant faced antitrust investigations and criticism over its dominance in the tech industry.
- Facebook: The social media company faced criticism over its role in spreading fake news and propaganda, as well as its handling of user data.
- Coca-Cola: The beverage company faced criticism over its sugary drinks and their impact on public health, as well as a decline in sales.
- General Electric: The conglomerate faced challenges in its industrial business and announced plans to spin off its healthcare unit.
- AT&T: The telecommunications company acquired Time Warner, a media conglomerate, in a deal worth $85 billion.
- Verizon: The telecommunications company acquired Yahoo's core internet business in a deal worth $4.48 billion.
- Microsoft: The software company made significant strides in cloud computing and artificial intelligence, and acquired LinkedIn for $26.2 billion.
- Alibaba: The Chinese e-commerce company went public in the US, raising $21.8 billion in the largest initial public offering (IPO) in history.
- Nestle: The food and beverage company faced criticism over its marketing practices and the impact of its products on public health.
- Johnson & Johnson: The pharmaceutical company faced lawsuits and criticism over its role in the opioid epidemic.
- Procter & Gamble: The consumer goods company faced challenges in its beauty and grooming business, and announced plans to spin off its pet food unit.
- 3M: The industrial conglomerate faced challenges in its healthcare and consumer businesses, and announced plans to spin off its pharmaceutical unit.
- Intel: The chipmaker faced challenges in its mobile and PC businesses, and announced plans to spin off its memory and storage unit.
These are just a few examples of companies that made headlines in 2017. There were many other companies that faced challenges, scandals, and successes throughout the year.