Watch CBS News

The Business Lessons from Twitter's Role in Iran

This is not a good time to hold a title like the "Supreme Leader" in Iran. For a week now, huge crowds of protesters have been defying Iran's autocratic leadership to demand political change.

Over that time, it has become clear that what started as a protest against the official results of a disputed Presidential election is actually something much broader â€" a challenge to the regime of the clerics who have controlled the country for the past 30 years.

A few days ago, I spoke with Thomas White of Business Matters about these developments. He pointed out that from a business perspective there are many lessons to be learned. "Iran as a state is a brand, and the Supreme Leader is the brand manager," he said. "He is losing control of his brand because he did not understand how social media have handed custody of all brands over to the crowd."

This, indeed, is one of the main realities all businesses, including media companies like CNN need to learn â€" that they henceforth will have to share their brand management with consumers.

To the credit of CNN, it is proving to be a quick study.

Although the network initially drew the anger of many by ignoring the beginnings of the protests in Tehran, since then it has worked hard to catch up. Social media have now become a staple of the network's news coverage of events in Iran.

Now that the regime has imposed a blackout against foreign media, CNN's staff is working hard to interpret messages and photos that continue to flow over Twitter, and videos over YouTube, to provide journalistic perspective.

Meanwhile, as has been the case since this historic rebellion began, the best source of coverage is at Twitter. Here is a sampling of the reports arriving by the thousands per minute via the top trending topic, #IranElection:

What this kind of reportage means for the media industry cannot be overstated. We are witnessing the birth of a global real-time, networked, interactive media system that will change the way all of the rest of us conduct oursleves from this point on.
View CBS News In
CBS News App Open
Chrome Safari Continue