http://altlanticinternationalpartnership.net/2011/05/bin-ladens-death-reverberates-in-media-and-economy/Social media and other news outlets raced to report the demise of terrorist Osama bin Laden, and the impact was even felt in the stock market and oil prices. As TV newsmen floundered waiting for President Barack Obama to announce bin Laden’s death, Twitter reported record tweet volumes. Hackers are expected to take advantage.
The demise of terrorist Osama bin Laden continued to shake up the world on Monday as details spread of a daring raid by U.S. Navy Seals that took out the Al Qaeda leader. There was an early surge in stock prices, and oil initially fell more than three percent, but skepticism about the future of the Middle East soon caused a correction, Reuters reported.
Traditional vs Social Media
The event was also an extravaganza for conventional media as well as emerging social-media communications. TV networks broke into their regularly scheduled programming around 10:40 p.m. Eastern time Sunday night to announce the news after the White House sent out an advisory that President Barack Obama would address the nation. That didn’t happen for almost an hour, leaving correspondents such as Geraldo Rivera of Fox and Wolf Blitzer of CNN awkwardly grasping for information, frequently shifting between commentators and file footage of bin Laden while waiting for details.
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