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What's the operating budget for other websites with comparable traffic? Without context $185 million seems like a lot, but compared to what? Reddit's operating
by josefresco 7mo ago
What's the operating budget for other websites with comparable traffic? Without context $185 million seems like a lot, but compared to what? Reddit's operating budget for the same timeframe was $1.86 billion.
- gadders 7mo agoI agree, but it's not a shoestring budget. They also seem to run a surplus every year: The Wikimedia Foundation (WMF) maintains a significant financial surplus and a growing, healthy balance sheet, with net assets reaching approximately $271.5 million in the 2023–2024 fiscal year. This surplus is largely driven by consistent, high-volume, small-dollar donations, with total annual revenue often exceeding $180 million.
- josefresco 7mo agoSurplus is a good thing right? Long term stability, responsible financial management, healthy margins? If they said one year "You know what? We're good on donations this year." it would never be restarted.
- gadders 7mo agoVery prudent, but far from "operating on a shoestring".