And there's nothing wrong with negative criticism as long as it's reasonably justified and ultimately
constructive. e.g. George Lucas was given constructive criticism about regarding Jar Jar Binks in the Star Wars Prequels, and to Lucas' credit he did take this on board. Jar Jar has limited and far more useful appearances in Attack of the Clones, and he only made a single silent cameo in Revenge of the Sith. And I think that the Razzies are kinda like a parody of the Oscars and all the other award ceremonies and festivals for good films. I doubt that Michael Bay is going to lose any sleep over this.
I think a more damning thing was
Nostalgia Critic's Non-Review of The Last Knight. This is a "non" review that he made
before the movie was released. Watching it with the hindsight of having seen TLK, it's scary to see how many of his predictions came true. Not all, but a fair number. He came pretty darn close to the mark!
And Nostalgia Critic put this video out there effectively as a dare to Michael Bay to prove him wrong. And that's the best thing you can do to silence your critics -- by making a good movie!
gesta non verba ("Deeds not words")