Go on reading with your thoughts!!
Founded in 2001 by Jimmy Wales and Larry Sanger, Wikipedia quickly became one of the largest online encyclopedias out there. Wikipedia champions a radical approach toward content creation, entirely relying on a group of volunteer writers and editors to update its pages and ensure that the quality of the texts is up to par with the highest standards.
As the first online encyclopedia to cover just about every topic its writers might find fascinating, the platform became known as the place to gather essential information on anything from historical figures to music genres and beyond.
But despite the fact that it attracts about 1.5 billion unique visitors every month, Wikipedia doesn’t rely on advertisers. 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. “Wikimedia Foundation is the charity that owns and operates Wikipedia. We’re a non-profit organization that exists primarily from the small donors, people donating, you know, $20, $30, those kinds of amounts is really the backbone of the funding.
” Wikipedia founder Jimmy Wales explained in a 2013 interview”
“Our budget for next year is about 29 million U.S. dollars, so it’s a very small budget to do this very big thing, and only a small percentage of the people who are viewing donate money. This isn’t a problem for us because of the massive audience,” he added.
Although Wikipedia receives donations from charities as well, a significant percentage of their financial resources come from small donations.
” Do feel like this is something important, it’s important that we have this space in our culture, it’s important that it’s non-commercial, it’s important that it’s neutral, all of the great, community-driven values of Wikipedia,” Jimmy added.
In addition, the organization needs the money to cover the expenses associated with its internal operations, such as updating the website or providing staff new learning and training opportunities.