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Photo: Facebook

After a year of scandals, Facebook lost its place as the best company to work at, according to Glassdoor. Facebook fell from first to seventh in the survey.

Why it matters: While customer defections or new regulations could both be longer-term consequences of the company's many trials, employee retention could be the most immediate challenge.

The bigger picture: The Glassdoor survey follows a largely anecdotal report from CNBC that more Facebook employees have been seeking references from former coworkers.

The Wall Street Journal reported last month that surveys showed morale taking a hit after a year that has included a number of unflattering revelations and a declining stock price.

Yes, but: Facebook is still among the top firms in the survey.

By the numbers:

  • In all, there were 29 tech companies among the top 100, including Zoom Video Communications at No. 2, behind only Bain & Co.
  • Google, at No. 8, is just one place below Facebook.
  • Microsoft-owned LinkedIn was 6th, up from 21st.
  • Apple, which is one of only three companies that has been on the list all 11 years of the survey, moved up to No. 71, from No. 84 last year.
  • Other tech firms on the list include Hubspot (No. 16), Docusign (No. 17), Ultimate Software (No. 18), Paylocity (No. 20), SAP (No. 27) Adobe (No. 30), Microsoft (No. 34), Nvidia (No. 36), Intuit (No. 38)

Go deeper

Felix Salmon, author of Capital
7 mins ago - Economy & Business

Meme stonks lose their appeal to the world of crypto

Data: Cardify; Chart: Axios Visuals

That sucking sound you hear is the outflow of meme-chasing dollars from the stock market.

Why it matters: The caravan has moved on. The dream of getting rich quick still lives, but today it's more often found in the world of crypto, NFTs or even sports betting than it is in the stock market.

Latinas who brew seek to shake craft beer industry

A server at Mujeres Brew House in San Diego rings up a customer in front of a selection of craft beers. Photo: Russell Contreras/Axios

Independent craft brewers are popping up in cities across the country, and a small but growing number of them are Latina-owned or run by a Latina head brewer.

The big picture: Latinas are opening up independent craft breweries from California to Colorado as Latina-owned small businesses continue to be one of the fastest-growing segments of the economy despite a lack of venture capital.

56 mins ago - Sports

China pulls Celtics games after Enes Kanter criticizes Xi Jinping

Celtics center Enes Kanter. Photo: Jim Michaud/MediaNews Group/Boston Herald via Getty Images

China will no longer stream Boston Celtics games after center Enes Kanter called Chinese President Xi Jinping a "brutal dictator" in a social media post over the Chinese government's repressive policies in Tibet, according to the New York Times.

Why it matters: Kanter's criticism of Beijing has sparked another round of trouble for the NBA in China, one of its largest and most restrictive markets.