Social media is the mode of interaction between common social groups. In simple words, Social media can be described as a group made by everyday people for common people to share information and messages. Social media networks have become so strong that they can make or break the ranking of a brand.
The revolution in the mobile phone technology has brought a remarkable change in social media also. People have in fact become addicted to their phones and are always found chatting on their phones. Now that is the technology. The news here spreads very fast and how far you can rely on the news is left to you because the primary purpose of sharing the information is lost the way it is interpreted.
Use of social media for branding
One positive sign is that whenever a new brand or product/services have to be to publicized, the services of social media can be made use of because the interaction between the groups is easy than communicating it individually. Many business owners have taken advantage of this media in increasing their revenues and popularity.
That is how areas such as politics, culture, education, careers, and new innovation come into limelight. Nowadays many politicians are using this medium to interact with the general public and are trying to know their difficulties. The awareness is created within the public regarding who is participating in elections. Well, this is a good sign if all the data is converted into actual implementation.
Sharing of information regarding culture and education is a good concept. However, again it depends on the person who is mining the data. So always recheck with the originals whenever such information is spread on the social media. The information may be fabricated and may contain some irrelevant information. One thing to be highlighted is that a person’s intention behind sharing of data cannot be known in this social media. Any information may have two different meanings. It all depends on how things are taken.
Even though the usage of social media is restricted to children of some ages, the facility is misused by many children without the knowledge of their parents.
What is the debt amount?
Debt is the amount you owe to someone. Debt can be said as loan amount taken from a creditor (on returnable basis) to bear some expenses. The one acquiring the loan is called as borrower and the person giving the amount is named creditor. Getting a loan amount may be easy while interacting with a social media. However, somewhere your privacy is lost. Many financial institutions help in getting debts. They also help in debt settlements also.
In short, we can conclude the impact of social media is not adverse, and it depends on the situation which is the main culprit. Tackling the situation and yet making use of the technology in a right way is the real challenge.