Risk and Impact of Regulation on Global Social Media Firms

Global Business
Environment

TABLE OF CONTENTS
MAIN BODY...................................................................................................................................1
Risk global social media firm that are Twitter, Facebook and Instagram faced from actual or
proposed regulation and explaining possible impact it could have on firm-..............................1
Describing and explaining how President Trump's approach for economic policy which had
impact on foreign economies that are UK or EU or China-........................................................2
Discussing and interpreting how emerging economy are creating opportunities for the
expansion of business globally-..................................................................................................3
REFRENCES...................................................................................................................................5

MAIN BODY
Risk global social media firm that are Twitter, Facebook and Instagram faced from actual or
proposed regulation and explaining possible impact it could have on firm-
Social media firm such as Twitter, Facebook and Instagram are most popular social sites
that have been used by Billions of people across the world. Individuals are daily connected with
each other through this social media and has become a major part of their routine life. Things
could be instantly shared and passed through wide number of people in just a second. Sometime
things couldn't be appropriate for public and thus it could harm society and its people (Somers,
2019). For this EU is considering the clampdown, peculiarly on the terror video. If these videos
would not be deleted by the social media platforms within an hour then serious action would be
taken by government. The government had passed law for deleting extremist content so that it
couldn't be passed away across world and could become serious course of action among public.
The EU had introduced General Data Protection Regulation (GDPR) which allows companies,
social media firms how data must be store and used by people (Nambisan, Zahra and Luo, 2019).
Another proposed directive which also had created situation of worry about these companies.
They had also implemented Article 13 of copyright directive that had putted responsibility on
these platforms for making sure that these copyright infringing content is not to be hosted on
their sites. And if it would be done then serious action will be taken by government under law
against this social media firm. This could affect their business operations and could distract their
followers. The previous regulation by government on these firms only need social media
platform to remove such content if it is pointed by them (Willcocks, Lacity and Craig, 2017). But
the government had brought out changes in it and restricted them to not publish these extremist
content on their sites.
These government regulations have a negative impact on these firms as its user also get
demotivated if their contents or videos deleted by the companies. The followers of these
companies could follow another social site. This reduces follower of company and could have
restriction on individual that they could not post any of the co0ntentwhich could be harmful for
the society and its people (Gooris and Peeters, 2016). So the individual couldn't post content of
their choice companies due to government regulation had implemented rules on general users of
their social sites as well. So these could affect the overall profit and revenue of company due to
the decrease in their followers. And their brand loyalty among consumer could also somehow
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