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  • Internet: 13,483,282 Newspaper: 0

    Mg Siegler

    MG Siegler is a general partner at Google Ventures and a columnist for TechCrunch, where he has been writing since 2009. Previously, MG was a general partner at CrunchFund. And before TechCrunch, MG covered various technology beats for VentureBeat. Originally from Ohio, MG attended the University of Michigan in Ann Arbor, MI. He’s previously lived in Los Angeles where he worked... → Learn More

    Friday, February 11th, 2011

    A lot of people like to bitch and moan about how in the age of realtime information, the stream moves too quickly and as a result, there’s a decent chance of inaccurate news being spread. There’s no question it’s an issue, but with the situation in Egypt, we’re once again seeing the overwhelming upside of this realtime data spread that makes services like Twitter so powerful. And just look at the flip side.

    The above image shows the frontpage of a newspaper that was delivered this morning. There are hundreds more like it around the country. Many, many people still get their news this way. They woke up this morning, opened the paper and got information that is so old that it’s now totally inaccurate. It’s ridiculous.

    This has actually always been an issue — “In related news, DEWEY DEFEATS TRUMAN!,” quips Twitter’s Mark Trammell — but if radio hit the newspaper format over the head, the live, 24/7 television news channels drove a stake in its heart. And now the realtime web has pounded that stake deeper. With a sledgehammer. And then stuck a grenade in the mouth of the corpse.

    I’m sorry, but there’s simply no role for the newspaper anymore. That’s not saying there’s no role for newspaper journalism, just the physical product itself. It’s a waste of paper, ink, and time. R.I.P.

    [image via @sarahlane - yes, my girlfriend, yadda, yadda]

    Company: Twitter
    Website: twitter.com
    Launch Date: March 21, 2006
    Funding: $1.16B

    Created in 2006, Twitter is a global real-time communications platform with 400 million monthly visitors to twitter.com, more than 200 million monthly active users around the world. We see a billion tweets every 2.5 days on every conceivable topic. World leaders, major athletes, star performers, news organizations and entertainment outlets are among the millions of active Twitter accounts through which users can truly get the pulse of the planet.

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