>>colone+(OP)
Is it wrong to be glad FB's reputation has tarnished (and stock price sideways) over the past year or so? For so long they've monopolized the talent pool in the Bay Area. If more people decide 1) they don't want to work at FB and 2) FB employees are itching to leave then I see any stain on FB's employment brand as a net positive to the greater tech + startup ecosystem.
>>akhilc+Nn
The economic success, brand awareness, and hipness of a company with the general public is only somewhat correlated with average level of engineering talent at a company. Different successful companies take different approaches to hiring - some focus on hiring a lot of reasonably competent engineers, while others focus on only hiring the best (and generally pay them a lot).