Challenges Faced by Social Media Companies and Trump's Economic Policy Impact on China

Global business environment

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................4
a. Risk which is faced by firms of social media from the regulation of government and their
impact on organisation.................................................................................................................4
b. Various approaches of president Trump and their impact to the economic policy of China...5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................6

INTRODUCTION
Global business environment refers to the environment of different countries of world
will have various elements outside the organisation, which influence decision making on use and
capabilities of resources in business. This report involves problems faced by the social media
companies like Facebook, twitter and Instagram from various regulation and laws of
government. Different approaches of president Trump's to the policy of economy are explained
in this file which affects the foreign economy of China.
MAIN BODY
a. Risk which is faced by firms of social media from the regulation of government and their
impact on organisation.
Social media companies are facing lots of problem due to different regulation which is
proposed by government. Privacy, data portability and election integrity are some of the factors
which government regulates by their different laws and regulation on the social media. Some of
the social media companies are argued of different regulations which affects the growth of
company because social media is an important part of life of most of the people in the world but
some people does not operate these application in the ethical manner. This will create problem in
the life of other people (Bashith and et.al.,2019). People will share their private information and
pictures on accounts of social media. Due to the problem of online harassment government will
imposed different laws and regulations on social media firms so the Facebook will make the
policies as how they keep women safe in the online.
The laws of government states that social media platforms will have to remove all the
things which is illegal from the sites of Facebook by continuously reviewing the content of
complaints. If these requirements of government are not fulfilled by the company. Then both
company and user have to pay fine of upto € 5m (Social media: How can governments regulate
it?, 2019).
Platforms of social media have to face the problem of fines if they did not delete illegal
factors from the sites within an hour. Government of some countries also introduces regulation
of general data protection which protects the data of people using the social media and if the
company did not provide this facility then it will affect their business largely (Hanousek,
Shamshur and Tresl, 2018).