Some rumors around the Social media are involved in spreading fake news all over the world. Moreover, nowadays the current issue is due to fake rumors about the coronavirus disease. People are already very terrified and wanted to become safe from this pandemic. Furthermore, if someone uses social media for the wrong purpose then this is not a good thing to do. Several things are going to happen as people believe that social media will provide them with true news.  Social media is one of the most important platforms for sharing news with people around the world. Coronavirus news is very trending nowadays as people want to become aware of this disease and many of the times it happens that new research is developed regarding the disease and people want to know about this. This will help them to keep themselves updated about the latest researches available on the internet and the latest news on press releases as well.

Furthermore, people are required to be aware of the problem around the world so they are able to take precautionary measures against it (Hekren, 2020).

Several things are considered while making the aspects tough in this regard as many of the times it happens that people are aware of the risks after this disease so they prefer to work on it with the latest research spreading around the world. News of Coronaviruses is trending the internet nowadays and the main thing after this is that this disease will be risky for human lives. If people do not take precautionary measures then this will increase the chances of danger for them and hence they can get as many problems as this disease could be dangerous. This pandemic has become one of the huge challenge for the world and all researchers are concern about how to deal with this problem  Several things are going to put the impact on this as this disease has no such vaccine or medicine from which it can be cured at once. For that case, some measurements are required to cope up with this disease as this disease is quite deadly. Due to this case, scientists are making a lot of effort for creating a vaccine for this deadly disease(Ireton, 2018).

Several risks may arise from this disease if not controlled efficiently or appropriately. A lot of things may happen with this issue because there are many of the things are also considered in this way to control this issue. We have to take care of our surroundings, clean our places and manage our wastes from spreading. Cleanliness is the main prevention of this disease. Several rumors are spreading around the world related to the cure of this disease. As some people are suggesting that this disease will be ended when the temperature of the area increases and killed all viruses. Due to this, we will be saved from this disease. This myth is spreading widely on the internet and this is wrong. The main issue is that people are looking for a cure for this virus. Due to this, they are following all rumors news on social media.  Then after these people are following these platforms it will start spreading and increasing traffic on their page. This is what the government is required to control it. This is because there is no authentic information is given on these pages. Due to this, readers are distracted from the main issue. (Lomas, 2018).

These social media platforms do not bother to take care of this that whether this news is right or wrong. Nowadays it is a quarantine situation and people are bound to sit in their homes just to stay prevented from this disease. People are relying only on the news they get from social media and electronic media for planning their lives. Therefore, many of the times it happens that some news was not accurate but people start following because it was just published on a social media platform and it was the only reason. The main problem is that there is no authenticity on these platforms to get rid of false news in terms of making it approved by some authentic resource. There is no source to get the news authorized but it must be prevented as to report them and as to allow them to get news but with authentic resources to support that news. People should not only rely on that news they must search on their own as well.  Due to this case, when people don’t get proper information about the news then they start believing it. Moreover, they are also sharing it with other people and with their family members (Chaing Mai, 2018).

Literature Review of The Impact of Fake News On Social Media in Times of Crisis On Society:

      People who work on social media write blogs or articles and uploads news on the social media platforms are going to upload news but they must take care of this fact that what they are spreading and what they are showing to people is accurate or not. Several actions are noticed while living at home and in that case, if you spread the wrong information then it will disturb people’s lives because they will become tense and disturb with all this terror of the disease. Already several people die due to this disease and this all happens not only because we do not have the vaccine for this but also we are not following proper prevention regarding this disease as suggested by the doctors and experts on this. Chinese were the first to face this issue as this disease first originated and spread in their city, Wuhan.  They were the first, who affected by this disease and its spread was extremely fast that caused a lot of deaths in their country. However, this virus was spreading in that city but other parts of this country were alert and started dealing with this issue by building hospitals in no time. (linklaters.com, 2019).

      But Chinese were also the first who invented the preventions and precautions of this disease. Several things are required to be considered as prevention from this disease and social media is ready to help you out in understanding these things effectively and efficiently for sure. On 31st Dec 2019, the government of Wuhan, China, confirmed a dozen cases of severe pneumonia. Researchers in China later identified COVID-19 or coronavirus as a new virus that has infected thousands of people in Asia. As recorded by World meter: In the past two months, the virus has spread to 109 countries, infecting more than 116,711 people across the world, the death toll has reached 4,095 including 3,136 deaths in China only. The World Health Organization (WHO), declared COVID-19 or Coronavirus “a global health emergency”. The virus has not only affected humans but has adversely impacted the world economy and businesses with its uncontrollable outbreak. Its spread to Europe and the Middle East has started a fear of global pandemic. To which global financial markets are reacting strongly and business leaders are questioning the growth and recovery of the world economy. Moreover, there are many people whose jobs were at stake. This is because in the future a global recession is coming (Plotnick, 2019).

            When there are losers, there are winners too. Coronavirus has shaken the whole world and people are living in a state of fear. On the other hand, some people are also benefiting from this novel outbreak. Prices of the masks, hand sanitizers, soaps have been increased drastically in no time boosting sales for the health sector and pharmaceutical sector. Reckitt Benckiser, Getz Pharma, are some names who are on the winning side. Due to the lockdown, people are turning towards online shopping which has increased the sales for e-commerce sectors such as Amazon and Ali Baba. Walmart’s sales also increased as people shopped the necessary items in bulk leaving the shelves empty. Coronavirus has impacted the world in the worst way possible and as the numbers of the virus victims are increasing the world economy will face more implications. Due to this many countries have imposed forces lockdown for stopping this disease from spreading. Moreover, the economic condition of many countries will be suffered due to this pandemic and they are not able to generate such income to meet their expenses.

The following are some key points to keep in mind: Now is not the time for individual investors to take a risk with the money, wait till the market settles. However, if you want to rebalance your portfolio by buying stocks to reallocate resources, the time is feasible. Keep your travel plans on hold especially to the affected regions. Focus on post-crisis management to deal with the aftermath (GARZA, 2020).  This disease is no doubt deadly but this disease can be controlled by taking accurate precautionary measures against it. Many people in this world are taking advantage of people’s fear in this pandemic situation. They are playing with their mind through fake posts. There are many myths have been developed and circulated on social media platforms since as in terms of avoiding those myths you have to take care of the aspects as these are whether eligible or not. These people are not doctors but they are pretending to be a doctor, are trying to make fool some people that are very scared of this disease and people with low faith can get terrified quickly. For that case, the healthcare officers have provided some precautionary measures for refraining from this disease like taking bath, drinking Luke warm water and keep cleaning your hands for 20 seconds. Now if someone is taking information from different means then that person must be on the wrong track. Some people around the world are taking advantage of the current situation and spreading false information about this disease for the sake of their likes and shares on social media platforms. Due to this scared people are involved in sharing these things with their loved ones. In that case, there is a need to educate the people about this disease in a proper way so they can easily avoid fake social media news.

Different news is available on social media or internet regarding Effects of Corona on the overall world's economy here are some of them and these are authentic as a must. With the start of the year 2020, the trade war with the United States left the Chinese economy to expand at a low pace in 30 years. In addition to this, it is estimated that nearly 4 million people lost their jobs in 2019. As if this was not enough for China to manage, the outbreak of coronavirus put a brake on the economy. According to Standard Chartered, due to the lockdown in China, the virus could affect 42 percent of the economy. The banking industry may face non-performing loans of $1.1 trillion as the companies fail to make payments. (Allcott, 2020).

The outbreak is not only impacting China but it is also crippling the world economy. Let’s shed a light on the sector or businesses that are facing economic crisis globally. After the 2008 financial crisis, the world stock market started to experience a similarly severe impact in February 2020. It was estimated that the impact would be limited to companies that have a direct and indirect connection with China.  Now, the virus has reached 109 countries, investors are worried about its impact on buying and selling shares. Investors are nervous, therefore they are selling into an overvalued market to save the profits. The US central bank has decreased interest rates with a purpose to make the borrowing cheap and educate people to spend in the stock market. But due to the outbreak of the coronavirus, many companies have stopped their operations.

China is famously known as “the factory of the world”. From 15 to 20 years, China has single-handedly managed the supply chain of international companies. Due to the coronavirus, this has been interrupted and many global companies have shut down their operations. For instance, Starbucks closed all its stores in the region due to the outbreak. Apple and Honda also closed their manufacturing unit in February.  In addition to this, more than 51,000 global companies have at least one supplier in the region affected by the pandemic. Let’s not forget the tension between the US and China caused by the global trade war, the manufacturing sector is already at a loss. We have to wait and see how coronavirus would impact the global supply chain in the coming days (Nelson, 2018).

The outbreak of the coronavirus has impacted the oil market to hit the deepest level in oil production cuts. Organization of the Petroleum Exporting Countries (OPEC) are also having disagreements that have caused the prices to further decrease.  Saudi Arabia ended up lowering the oil prices that fumed a price war causing U.S. crude oil prices to plunge by 25%. Since 2016, for the first time U.S. crude oil barrel price went below $30.  According to the American Automobile Association, in the second week of March, the average national gas price has reached $2.38 per gallon. This is the third week in the United States where the gasoline stocks decreased and demand has increased. The oil price war has raised major concerns in the United States energy industry, and the concern about how they will manage the decreasing oil prices globally. The lockdown has also impacted the Chinese airlines as their planes are forced to stay on the grounds. Nearly, $12.8 billion losses may be faced by the Chinese airlines and the global airline industry is expected to lose $29 billion (IATA). There has been a lot of trip cancellation as China and Italy are facing serious lockdowns and millions of people are quarantined (Gurbaedo, 2018).

COVID-19 is a terrifying and deadly virus whose threat is everywhere in the world. People are very much disturbed and hence they are living in panic as well. They do not know what to do as the government has ordered them to stay inside their houses in terms to be safe from that virus as this virus spreads with social activities as meeting with each other. Allowing the things to get separate from them so that they can control this disease to be spread more among the people. All the things are disturbed due to this virus work, social life, outside visits everything. The major reason for the spreading of this virus is through close contact with any coronavirus patient by touch and his breathing. So make sure you maintain a gap with them and use all the precautions to make yourself safe from coronavirus. China was only able to control the spread of this virus by imposing a complete lockdown. All other countries have announced lockdown in their cities too. People’s reaction is becoming very weird as this global pandemic is growing. Like all kind of organizations, companies, business is shutdown allowing them to work remotely in their home including all educational Institutes and restaurants. Even all the sports are canceled all around the world and this has been a matter of great shock and loss to many sporting federations such as the Olympics which have to be delayed until further notice (WHO.int, 2020).

Some people are very afraid and worried about staying in their houses which can lead to exhaustion and depression. People have gathered and stocked toilet papers, hand sanitizer and all other groceries from the market and isolated themselves in their houses. Some of them are not taking precautions and still roaming around which is not a responsible way to behave in this pandemic situation. That's why security departments are in action to make sure that no one is out of their house unless they have an emergency. There are a lot of rumors running on Social Media and other platforms which is misleading the people and causing fear between them. Fist and the common one was that this virus is lab-engineered and used as a kind of bioweapon which is wrong because scientists found out that this virus is passed into humans by animals. Suppliers have stocked the groceries, hand sanitizers, face masks and toilet papers which is causing anxiety in people to collect all those groceries as soon as possible making them worried about the food and all groceries which is not good. Due to the increase in demand, some companies have increased the prices of their hand sanitizers and other items to earn more profits which is very unethical considering that the world is fighting for survival and some are using this opportunity to gain personal benefits (NBC.News, 2020).

Entry in Iran has also banned due to the increased number of people getting infected. According to UNESCO, over 290.5 million students have been affected due to the virus outbreak in more than 22 countries. Italy has recorded as the most affected region in Europe with 200 deaths. Therefore, they have shut down schools till 15^th March. Spain- The government of Spain has closed education centers from nursery schools to universities in Madrid.  China has been in lockdown for more than two months, millions of students are homebound and relying on online learning. The main thing is that people should trust the facts that their government will share with them. Social media may spread false news but not all the time this thing is to write. This is the way when you must listen to your government officials and the authorities that are working on this separately. Several things are going to manage in this disease as by the fact COVID-19 is not an easy thing to consider it lightly.

Various things are thought of while making viewpoints right now a considerable lot of the occasions it happens that individuals are as effectively mindful of the dangers after this sickness so they like to chip away at it with the most recent research spreading the world over. Updates on Coronaviruses are drifting the web nowadays and the primary concern after this is this illness is some way or another hazardous in certainty destructive however if individuals don't take the prudent steps, at that point this will build the odds of threat for them and consequently they can get as many issues as possible be risky. Various things are going to accept sway on this as this sickness has no such antibody or medication from which it tends to be restored without a moment's delay. Various things are required to cop up with this illness as this ailment hushes up lethal (Mihailidis, 2017).

Individuals who chip away at internet based life that will compose web journals or articles and transfers news on the online life stages will transfer news however, they should deal with this reality that what they are spreading and what they are appearing to individuals is exact or not. Various things are seen while living at home and all things considered on the off chance that you spread wrong data, at that point, it will upset the individuals' life and they will get tense and upset with this dread of the ailment. Because of the lockdown, individuals are turning towards web-based shopping which has expanded the deals for web-based business segments, for example, Amazon and Ali Baba. Walmart deals were likewise expanded as individuals shopped the important things in mass numbers leaving the racks unfilled. There are a few people present right now exploiting individuals' dread and managing them off-base about the fix. There are numerous legends created since as regarding staying away from those fantasies you need to deal with the angles as these are whether qualified or not. (Carilson, 2020).

Effectively various individuals have kicked the bucket as a result of this illness and this all happens not just on account of having no immunization for this yet but additionally for having no counteraction from it as proposed by the specialists on this. Chinese were the initial targets who confronted this issue as this illness was first spread in their city Wuhan. They were the primary who was affected with this sickness and their fondness was so much hard that a ton of passings was recorded in that nation. Moreover, it is assessed that about 4 million individuals lost their positions in 2019. As though this was insufficient for China to deal with, the flare-up of coronavirus put a brake on the economy. The US national bank has diminished loan costs with a purpose to make the acquiring modest and to urge individuals to spend in the offer market. Be that as it may, because of the episode of the coronavirus, numerous organizations have halted their activities. This was the reason why they are uncertain about future conditions and are not able to identify the strategies to get out of this problem presently (Greg, 2017).

Methodology of The Impact of Fake News On Social Media in Times of Crisis On Society:

The methodology used to conduct this research is audience research and its means to identify which perception people are living nowadays. People believe that social media is the most authentic and efficient platform that will give them accurate information. Coronavirus disease is very much terrifying nowadays as people are living in their house and do not go out in threat of getting exposed to this virus. People are locked down in their homes, and they have very limited access to information from different sources and hence only have to rely on social media platforms. In such a situation, social media will be the only platform for people to know about the facts and figures and to know about the situation that is currently happening in society.

This will help in considering things more accurately and more conveniently. Social media not only spreads false news but it also shares authentic news only if the officials are sharing the news and the fact that they are researching increases the chances of making their news more accurate. People must not panic in this situation so they can get rid of it successfully.

Stating Your Case of The Impact of Fake News On Social Media in Times of Crisis On Society

It is to argue that Social media is spreading false news but the thing is that you are going to conduct all the aspects more appropriately and more effectively as well. Several things are going to get in this argument allowing you to set the perception that social media is not the only platform that spreads wrong information. Many other platforms can spread wrong information to people at a rapid pace. These are those platforms that don’t have an authentic background and they are not approved by the officials whose names are being used without their consent. Several things are going to be managed in this aspect so if people are unable to identify the aspects properly then they will not be able to tackle the situations lightly and politely for sure. This case is quite different as Corona is that disease which in the start was considered a deadly disease and it has no cure, to begin with well.  But later with research and efforts of experts and medical professionals, they have concluded some precautions with which they can be saved and with whom this can be stopped to spread further.

The counterargument after this is that there are many of the things that not only allow you to see news of everything but the main thing is that if the news is false you can report bit as other people will not be able to get it and get disturbed through this. False news will make people extremely terrified and the main thing is that they will surely be able to get ideas about what should they do and what should they ignore to get rid of the issue efficiently. The overall analysis uses to say that this disease can be controlled if you keep on taking care of the cleanliness of yourself and things around you. You must take things sanitized around you and there are a lot of other precautions there that you must tackle in terms of getting rid of this disease. The overall things can be controlled as there are many of the things that may help out to tackle the things more efficiently and allowing the things to be correct for sure.

Conclusion of The Impact of Fake News On Social Media in Times of Crisis On Society

Summing up all the points we can say that Corona Virus news is in the whole world and all the news release platforms are spreading its news because of how important this issue has become for every one of us. One must take care of this source which is spreading the relevant news because it is a disease that is very harmful and if people do not take care of it they will get exposed to it easily. Several things are considered keenly in this aspect and summing up that things efficiently there have been considered the similarity and there may have been established a link between them that how to take care of the aspect that this disease will not spread any more. All the precautions that you are considering in this aspect are going to help you out in maintaining the outcomes more conveniently and more appropriately as well.  Social media is that platform that enables you to share your knowledge and views with everyone around the world and it also gives users the chance to learn from it as well.

Here you will find many of the other things as well taking the after aspects more conveniently and taking precautionary measures as well. Islamic relief is encouraging all local communities to take extra care during this period and follow their Government’s official advice. This includes Washing hands regularly with soap, avoid touching one’s face, covering mouth with the mask, putting used tissue in the bin and wash hands immediately, avoid close contact with unwell people. As the world focus on preventing the spread of COVID-19, these officials are providing Health and hygiene support to vulnerable people around the world -  and appealing to the donors to assist this vital work. This noble deed will help others to get rid of this issue and to take care of their loved ones as well.  If you read on any media you must take care of one thing that is the officials who are spreading it are authenticated and if you find some illegal or unauthentic thing on social media, being a responsible citizen you must report that to the authorities so that they can take serious actions to stop that. The main objective of this will be to stop people from spreading rumors and false news to scare people anymore which will scare more people and cause more worry in society.

References of The Impact of Fake News On Social Media in Times of Crisis On Society

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WHO.int. (2020). Exposing yourself to the sun or to temperatures higher than 25C degrees DOES NOT prevent the coronavirus disease (COVID-19). Retrieved from https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public/myth-busters