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> Or you're a not-for-profit foundation or the Internet Archive, where you do good things but are destined to be "poor". Not necessarily. Wikipedia is actually
by oefrha 7y ago
> Or you're a not-for-profit foundation or the Internet Archive, where you do good things but are destined to be "poor".
Not necessarily. Wikipedia is actually pretty damn rich with a large war chest.[1]
[1] https://en.wikipedia.org/wiki/Wikipedia:Fundraising_statistics https://en.wikipedia.org/wiki/Wikipedia:Fundraising_statisti...
- cthor 7y agoWikipedia is the single greatest website on the Internet. That's what it takes for donations to keep you afloat. $100MM revenue? Google makes that in a day. That aside, it's not entirely clear that Wikipedia can live off donations forever.[0] [0] https://en.wikipedia.org/wiki/User:Guy_Macon/Wikipedia_has_Cancer https://en.wikipedia.org/wiki/User:Guy_Macon/Wikipedia_has_C...
- zozbot234 7y agoThe article you link to points out that only a small part of what Wikipedia spends is directly used to keep the website up. Spending in 2008 was less than 5% of today, and the website was just fine.
- oefrha 7y agoInterestingly I was thinking about that article when I posted my comment. One takeaway is that Wikipedia shouldn't even be spending as much as they are.
- input_sh 7y ago> $100MM revenue? Google makes that in a day. Almost as if one of them wants to squeeze out every penny they can, while the other one is... I don't know, a non-profit that wants to make something good for the world? What amount of money do you expect a non-profit to make in a year in order for you to consider it as a successful non-profit?