How Social Media Creates a Rough Draft of History

Washington Post publisher Philip Graham called journalism the "first rough draft of history," but as a new research paper from the Reuters Institute for the Study of Journalism notes, that role is increasingly being played by social media such as Twitter, Flickr, YouTube and Facebook.

Source:
http://gigaom.com/2011/05/06/how-social-media-creates-a-rough-draft-of-history/