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Wikipedia Appeals To Readers For $6 Million

December 30, 2008 /

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Wikipedia founder Jimmy Wales is asking for donations to the nonprofit site. But with more than 150,000 volunteers at his disposal, the question remains: Is it in trouble of folding?

Wales’ short request is found on the header of random pages. Short of asking for a bailout, the letter mentions the foundation has annual expenses of less than $6 million with a core staff of 25 people. With eight years behind it and more than 11 million articles in 265 languages, Wikipedia has a larger contribution base than some open source projects.

It’s not like Wikipedia is not struggling with readership. Despite its early editorial access issues, more than 275 million people come to the site monthly, making it one of the Top 5 most visited sites.

With so much going for the site, why is Wales walking around with hat in hand?

by Michael Singer

Full Story: http://www.informationweek.com/blog/main/archives/2008/12/wikipedia_appea.html?cid=RSSfeed_IWK_ALL&cid=nl_IWK_daily_H

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