Duncan Riley says:
Sarah over at ReadWriteWeb leads with the idea in the headline: “Steve Jobs Had No Heart Attack…And Citizen Journalism Just Failed,” Silicon Alley Insider’s Henry Blodget, who should be able to see a scam a mile away, writes that “Citizen journalism apparently just failed its first significant test.”
It hasn’t. What we’ve seen here is likely a traditional stock scam, and an execution failure from a leading media company. It says absolutely nothing about citizen journalism at all.
I agree. The whole idea of citizen journalism was people reporting on issues, with a self correcting eco-system, where people will weed out scams and the like. Which is exactly what happened, so why would it be a failure?