The transformation of social media has paved a way to express one’s views, ideas, and opinions in an effective and lucid manner which has resulted in its increased popularity. However, there are both pros and cons of this socio-technological revolution. This may lead to its misuse with planned and targeted attacks which often have the potential of massive economic effects. This paper articulates the negative aspects, especially, of how the social media is being misused for greedy needs. Spammers may defame the product to achieve their greedy goal of earning more profit by decreasing the competing effect of their opponents. This paper discusses, analyzes and proposes two novel techniques by which one can either decrease or completely abolish these types of socio-economic attacks.