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The Rise and Fall of Global Social Media Firms

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Added on  2020-12-30

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GLOBAL BUSINESS ENVIRONMENT The rising risks of global social media firms face from government regulation and the impact on the firm. 4 The Governments use both fiscal policies and monetary policies to stimulate economic activity and growth using trickle down economics.5 REFERENCES 7 The rising risks of global social media firms face from government regulation and the impact on the firm. For safeguarding people, Government of Britain has proposed for new laws regarding online safety in which social media companies like Twitter, Instagram and Facebook should safeguard their

The Rise and Fall of Global Social Media Firms

   Added on 2020-12-30

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GLOBAL BUSINESSENVIRONMENT
The Rise and Fall of Global Social Media Firms_1
Table of ContentsThe rising risks of global social media firms face from government regulation and the impact onthe firm.............................................................................................................................................3Emerging economies are presenting opportunities for global expansion for businesses.................4The Governments use both fiscal policies and monetary policies to stimulate or encourageeconomic activity and growth using trickle down economics.........................................................5REFERENCES................................................................................................................................7
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The rising risks of global social media firms face from government regulationand the impact on the firm.Social media firms mainly Facebook and twitter are affecting a lot by government regulationsand rules. Political factor is the most important factor which is actually affecting these socialmedia firms. These factors includes regulations and rules laid on companies by government of acountry which affects their functioning. Technological advancement in social media is highlyadopt by people which made them addicted towards social media. People use social media topromote abusive content and to share their personal life with the world (Agarwal, Gneiting, andMhlanga, 2017). Many peoples being victim of social media sites are being harassed and robedthrough social media platform. For safeguarding people, Government of Britain has proposed for new laws regardingonline safety in which Social media companies like Twitter, Instagram and Facebook shouldsafeguard their users from harmful contents (Spiess-Knafl, Mast, and Jansen, 2015). The Onlineharms white paper set guidelines for social media firms such as Facebook, Instagram and twitterto tackle violent content, cyber bullying, encouragement for suicidal activity and child sexualexploitation. The harmful content may include terrorism related material, self harm, suicide,child abuse, etc. The social media companies fails to protect them from their users then theywould be penalize. So, there is a risk for social media companies regarding regulation ofprevention from harmful content on their sites which enables for their users. This could be agreat risk for social media firms and they need to consider actual government regulation for thesame. Any carelessness with harmful content will lead to increase in financial expenses of thosesocial firms. The companies duty is to care and responsibly react with the safety of user andcarefully tackle harm which is caused by harmful content activities (Khan, and Quaddus, 2015).The companies has a risk of site blocks, fines and senior management prosecution for any failurein prevention of harmful content to their users. Also, for preventing data of users and maintain privacy a law for data privacy has beenimplemented by government on social media firms like Facebook, Twitter and Instagram(Willcocks, Lacity, and Craig, 2017). This rule is implicated by UK government to provide asafe environment to users of social media. The UK government has forces the social media firmsto follow anti competition rules and data privacy law. Therefore, as the company are obligated tofollow this rule they are facing lot of trust issues from users and many users left social media as
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