Although these challenges are affecting the business, it seems that all the challenges have finally received solutions. 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 needs to be improved to avoid potential criminals and keep user data safe. Then, companies should change their strategy to gain more advantages in competing against new competitors in order to have advantages for their 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. The social media business will become more and more important in the future and thus all problems will disappear.