Call it the network effect, crowdsourcing, whatever. Its the only thing that Twitter really has to offer - lotsa people posting lotsa stuff, and you can get it before the "news media" gets around to it (if at all) But here, we've achieved the same thing. If there's a rumor, I come here immediately. If it's breaking news, I come here straightaway. THE DOT WIN ROCKS!
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In our new role as journalists, it is our job to weed through all the bullshit and figure out what needs to be pushed to the top.