December 20, 2012
Wikipedia's Questionable Finances
Andrew Orlowski, The Register
It's that time of year again. As the Christmas lights go up, Wikipedia's donation drive kicks off. Wikipedia claims that the donations are needed to keep the site online. Guilt-tripped journalists including Heather Brooke and Toby Young have contributed to Wikipedia in the belief that donations help fund operating costs. Students, who are already heavily in debt, are urged to donate in case Wikipedia "disappears". But what Wikipedia doesn't tell us is that it is awash with cash - and raises far more money each year than it needs to keep operating.