This report provides a comprehensive overview of the emergence of social media, tracing its historical roots from the invention of the telegraph to the rise of platforms like Facebook, Twitter, and YouTube. It examines the key milestones and technological advancements that have shaped the evolution of social media, highlighting its profound impact on various aspects of society. The report delves into the positive effects, such as improved social awareness, ease of information sharing, enhanced connectivity, and business growth. It also addresses the negative consequences, including the spread of misinformation, unethical promotions, and potential impacts on mental health. Furthermore, the report explores how social media has revolutionized business practices, fostering innovation and improving interaction values. In conclusion, the report emphasizes the transformative role of social media in modern society, acknowledging both its benefits and challenges.