The very touchy subject that is the latest Iran election and the subsequent protests has become an eye-opener to many about the speed of obtaining news through Social Media.
From the beginning of the election, results were being tracked through Social Media. The controversial Iranian Presidential results spread like wildfire through numerous websites, including Twitter. Where things got interesting is when Twitter's host NTT America delayed a scheduled maintenance downtime due to the abundance of Twitter activity around the election. It appears Twitter was not keen on blanketing the news flowing from Iran to the rest of the World.
Multiple Social Media outlets have continued to cover the situation since the beginning. Mashable Blogger Ben Parr has documented how Social Media has covered the chain of events in a timeline seen here.