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From the article: > In 2007, the year Wikipedia first became a top-ten website serving the world, the Foundation reported total annual expenses of $2 million.
by gred 4y ago
From the article:
> In 2007, the year Wikipedia first became a top-ten website serving the world, the Foundation reported total annual expenses of $2 million.
> The Wikimedia Foundation is richer than ever. Its assets and reserves [...] have increased fivefold since 2015, and stood at an estimated $400 million at the end of March 2022.
I'm sure the "mission" has expanded and costs are higher these days, but 200x baseline costs is pretty comfy.
- fisherjeff 4y agoI find it a bit “unethical and misleading” of the author to list 2007 expenses and 2022 assets. As a sibling comment points out, it’s really only <4x current annual expenditures, which, leaving aside disagreements on whether that level of spending is justifiable, doesn’t seem unreasonable.