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Global Business Environment of Social Media Firm

   

Added on  2020-12-30

9 Pages1737 Words456 Views
Global BusinessEnvironment

MAIN BODYTopic 1: “Rising risk global social media firm such as Facebook, twitter and Instagram face bypropose or actual government regulations and possible impact which have on firms.”Social media is an interactive computer mediated technologies which facilitate sharing ofinformation, ideas, career interests as well as other activity through virtual communities andnetwork. There are several social media firms such as Facebook, Instagram, Twitter, LinkedInand so on (Yar, 2018). Apart from this, social media related activities are increasing day by daywhich result in creating negative as well as positive impact on users which may be children,adult and youngsters. So for minimise negative effect and developing positive government ofevery nation has given some rules and regulation in relation of it. According to the reality check team of BBC News Government, each and every nationhas proposed measures for regulating social media firms related to harmful content. Theseproposed measures and regulations are often be considered as risks for these social mediafirms, these measures includes substantial fines as well as the capability of blocking serviceswhich do not stick to the rules. Content which promote fake news, hate speech or extremism ormay trigger as well as exacerbate mental health problem should not be posted on social mediacompanies such as Facebook, Instagram, Twitter and so on. For instance, a historical example can be taken in which YouTube, which is a socialmedia company defended their records on removing inappropriate content. Moreover, Facebookthat has been owns by Instagram have approx. 30,000 people at worldwide level who areworking for safety as well as security. Thus, they have removed 15.4m pieces of violent contentwithin October and December, up from 7.9m within the last three months (Steger, 2017).Although, some inappropriate content removed automatically before seen by the users.According to the cultural minister, government has to bring laws and legislation which willforce social media platforms to remove content that are illegal and have to prioritise theprotection of users who may be vulnerable adults, young people as well as children. 1

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