News Corp Acquires Social News Verification Service Storyful

News media giant News Corp acquired a social media story verification service Storyful last Friday, for $25 million. While this may pale in comparison to some of the social media purchase numbers, like the $3 billion that was offered for Snapchat, it’s an interesting development for both online news and social media sites.

Twitter and other social sites are news generators in their own right, but rumor and conjecture are rife. The problem with grabbing headlines from Twitter is that at best, the information is incomplete, and difficult to push live as ‘news’, and at worst it’s outright trolling.