Although these challenges are affecting the business, it seems that all the challenges have finally been given a solution. The main challenges of a social media business are privacy concerns, new competitors, and revenue streams. Possible solutions to these challenges have been given below. First of all, the security system should be improved to avoid potential criminals and ensure the safety of user data. So, companies should change strategy to gain more advantages in competing against new competitors so as to have advantages for future development. Last but not least, the solution to revenue streams is for the company to find another profit point and enter new global markets. Social media business will become more and more important in the future, and all the problems will disappear