Does Wikipedia really need my money?

Does Wikipedia really need my money?

Since Wikipedia does not carry any advertisements, it depends almost entirely on donations made by its millions of readers around the globe. ... Notably, last year, E-commerce giant Amazon made a $1 million donation to the Wikimedia Foundation.

Is Wikipedia going broke?

The answer is no. Run by non-profit Wikimedia Foundation, Wikipedia's balancesheet looks quite healthy. In fact, its donations have increased many folds in the last seventeen years.

How much does Wikipedia cost to run?

In the end Band and Gerafi conclude that the website is worth “tens of billions of dollars” and has a replacement cost of $6.6 billion dollars. For context, it costs the site $25 million each year to run.

How much money does Wikipedia have?

As of 2021, the foundation employs over 450 staff and contractors, with annual revenues in excess of US$125 million....Wikimedia Foundation.

Abbreviation	WMF
Revenue	US$127.2 million (2020) 122.1 million (2019)
Expenses	US$112.5 million (2020) 91.4 million (2019)
Endowment (2021)	>US$90 million

Why Wikipedia is bad?

Wikipedia is not a reliable source for citations elsewhere on Wikipedia. Because it can be edited by anyone at any time, any information it contains at a particular time could be vandalism, a work in progress, or just plain wrong. ... Wikipedia generally uses reliable secondary sources, which vet data from primary sources.

Is Wikipedia in trouble financially?

Wikipedia co-founder Jimmy Wales said Thursday that the free online encyclopedia is in good financial shape, although increasing mobile phone use may cut into future donations. "We are doing very well financially," Wales told AFP ahead of Vivatech, a Paris tech fair for start-up companies.

Why is Wikipedia bad?

Wikipedia is not a reliable source for citations elsewhere on Wikipedia. Because it can be edited by anyone at any time, any information it contains at a particular time could be vandalism, a work in progress, or just plain wrong. ... Wikipedia generally uses reliable secondary sources, which vet data from primary sources.

Is donating to Wikipedia safe?

In a 2015 blog post, WMF had clarified that the "small donations" it seeks are used to keep Wikipedia and its sister sites safe, secure, fast and available. They also help pay for the salaries of all the editors and and staff who work with Wikimedia to provide correct and edited content with readers around the globe.

What's with Wikipedia asking for money?

In a 2015 blog post, WMF had clarified that the "small donations" it seeks are used to keep Wikipedia and its sister sites safe, secure, fast and available. They also help pay for the salaries of all the editors and and staff who work with Wikimedia to provide correct and edited content with readers around the globe.

Is Wikipedia reliable 2020?

Wikipedia is not a reliable source for citations elsewhere on Wikipedia. Because it can be edited by anyone at any time, any information it contains at a particular time could be vandalism, a work in progress, or just plain wrong. ... Therefore, Wikipedia should not be considered a definitive source in and of itself.

How much money does Wikipedia make a year?

• According to its annual report, Wikipedia earned a total revenue of $91 million in 2017 but none of it came from advertisements, affiliates, or any paid service. Then what resulted in the whopping $91 million revenue? Also Read: Why Did Blockbuster Fail? Donations.

How does the Wikimedia Foundation make their money?

• Wikipedia is run by a nonprofit organization called the Wikimedia Foundation. You'll also notice Wikipedia has no advertisements or "sponsored content" like you see on many of these other sites. What this all means is that Wikipedia's only source of income is donations.

Why does Wikipedia have to ask for donations?

• Instead of working in close collaboration with private organizations that might sway the style, nature, or tone of the content, the organization insists on raising money exclusively through donations. The radical business model doesn't sit well with everybody.

How does the business model of Wikipedia work?

• This makes the Wikipedia business model fairly easy to understand where the organisation only focuses on the handling the website, servers, and administration, and the main content is contributed by the volunteers for free. But who owns Wikipedia?