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Wikipedia Donations Exposed. The Truth. | Logically Answered


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Wikipedia Donations Exposed. The Truth.
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I’m sure you’ve all seen the Wikipedia popup asking for donations. At first glance, the request seems like a humble ask to keep the communityoriented website up and running. But, many would argue that this popup is not only extremely misleading but highly unethical. Even Wikipedia’s own exoutreach officer says that he is ashamed of Wikipedia’s fundraising tactics. Why you ask? Well, the simple truth is that Wikipedia itself is not actually all that dependent on donations. In fact, according to Wikipedia’s own founder, Jimmy Wales, Wikipedia can be run for just $5,000 per month. He made that statement a while ago, but even accounting for inflation and more traffic, the cost to keep up Wikipedia is extremely minimal. As such, the vast majority of your donations actually end up going to efforts outside Wikipedia that you’re probably not even familiar with like grants and other Wiki products. This video explains the controversy surrounding Wikipedia donations and why their fundraising effort may not be as wholesome as think.

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Timestamps:
0:00Wikipedia Donations
2:04A Fundamental Flaw
6:08A Rich Charity
10:41The Wikipedia Controversy

Resources:
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This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.
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Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.

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