video transcript

The popular micro blogging service Twitter has received a lot of attention for its role in disseminating information about important news events. Now it's co-founder Biz Stone says the California based company is looking at ways of leveraging its role as a conduit to help construct a new kind of news service. -- news network through -- is something like that possible. I think so I mean I definitely I definitely from the very beginning this this this seems like you know. Almost as if it's news wire coming from everyone around the world I mean we have 95 million tweets coming in every day. From people will what are people seeing around them if you type the word accident in the Twitter. It's be amazed at how many people are reporting on and accidents in there in their neighborhood in their areas and it does not -- bad news of course. Biz Stone was speaking to Reuters Television on the sidelines of the Silicon Valley comes to Oxford event. Where he held a master class revealing that in -- early days of Twitter the number of people who saw the value of -- messaging service that limited dispatches to 140 characters. Was very small. The world at large just thought it was a really stupid idea and we were we were ridiculed so much I think it actually helped us grow a little bit because so many people were so keen -- -- about it you. It was. That it doesn't want to keep talking about though I certainly check it -- see how -- -- I mean I think it that they the opposite -- gonna happen Twitter. Currently has over 175. Million registered users and over 95% of the messages or tweaks they send out our public. While stone says this information could be used to create a Twitter news service. He doesn't see the company going it alone. A Twitter news network would not be necessarily run by Twitter but would be in partnership with several news networks all of them getting access to our data and doing different things -- that. Specializing in different ways -- you know. We don't have one news network may only one news out of Japan and other may only want what are what links that people pass your accident. Even in a world of ever cascading tweets stone says the -- the journalist place making sense of offense remains as crucial as ever. Now will be welcome news for those who make news the old fashioned way. -- -- --