Street journalism is very timely and news spreads astonishingly fast. One can also prove or disprove the news with little effort. This kind of news is not involved with any corporation or any ties other than the journalist, so it is totally independent. Since much street journalism is done via blog or social networking it can be easily criticized by any one who reads it.
Since street journalism is very free and unguarded it does have a high risk of fake and prejudice news. I think that the fake and prejudice news would eventually be obsolete, and that street journalism will push media to be more truthful.
I think that the fake and prejudice news would stop and be discarded. Fake news will all ways come up, but is usually very quickly dismissed as being false. An example of this is when a fake press release came out saying that Google had purchased ICOA. (http://edition.cnn.com/2012/11/28/tech/web/google-icoa-fake- news/index.html) With in hours it came out that the release was fake and the truth came to light, and no harm was done.
Prejudice news will also be naturally stopped or at least be countered. When some piece of news comes to light saying something prejudiced about the color of a footballer, it’s immediately countered by some other piece of news that is prejudiced against the complete opposite. A good example of this was during the presidential elections when different news organizations took the same news events and made one candidate look good and a different organization made the other candidate look good. In this same way biased news cancelled each other out.
Street journalism will also push news corporations to be more truthful because if a corporation says something false then the people who are effected would do street journalism and come out with blogs, videos etc. with the same ambition to make news, but with the truth ….. and nothing but the truth!