How social media could ruin your business
“Social media is the most immediate threat to your company’s reputation,” says Pete Knott, digital consultant at reputation management consultancy Lansons.
“If not taken seriously it can and will directly impact your company financially and culturally.”
Fake news remains one of the biggest challenges – despite machine learning crackdowns by networks such as Facebook and Twitter.
In May, for example, shares in the UK’s Metro Bank plunged 11% before it could shake off inaccurate social media rumors that it was facing financial difficulties.
And according to Ilia Kolochenko of Geneva-based internet security company Immuniweb, the consequences could potentially be much worse.