zlacker

>>akolbe+(OP)
This is an extremely misleading take.

Wikipedia had a really good year in 20-21, their most recent financial report.

They took in $162 million, against an $111 million operating budget, and came out of the year with $240 million in assets.[1]

So they had about half a year's surplus, and wound up with ~2 years worth of savings. And yes, that's a simplification, a good chunk of those assets are necessary to continue operating and cannot be liquefied to cover operating expenses.

In 19-20, they took in $120 million against a $111 million operating budget.[2]

[1] https://upload.wikimedia.org/wikipedia/foundation/1/1e/Wikim...

[2]https://wikimediafoundation.org/about/annualreport/2020-annu...

So, yes, Wikipedia is doing well - as we should hope they would be. But no, they are not rolling in it, and yes they do depend on our continued support to continue doing well.

Edit: The article linked in the tweet asks valid questions and puts the stats in better context, but the twitter thread presents the numbers in a way that is very, frustratingly, misleading.

>>dbingh+Ge
They have an "$111 million operating budget", but that's because they've decided to spend money on lots of things other than "serve Wikipedia": https://wikimediafoundation.org/support/where-your-money-goe...

Note that "Direct support to websites" includes things like designing and implementing more intuitive article editing UI, which while potentially worth it isn't the kind of "obviously we must do this" that keeping the site serving is.

For example, in 2016 Wikipedia served a similar amount of page views as it does today [1] on an operating budget of about half [2]. Go farther back and my impression is it's much more dramatic, though I'm not finding good page view statistics for, say, 2010.

[1] https://stats.wikimedia.org/#/all-projects/reading/total-pag...

[2] https://foundation.wikimedia.org/wiki/File:Wikimedia_Foundat... vs https://foundation.wikimedia.org/wiki/File:Wikimedia_Foundat...

>>jefftk+Eg
Google had a 2021 operating cash flow of $92B, and they've decided to spend money on lots of things that aren't "serving ads". And yet nobody complains.

>>mcguir+sp
Im pretty sure a ton of people complain how Google spends their money, quite frequently. As well, one of the major complaints from people has nothing to do with their ad budget. It has to do with the fact they both host the marketplace for advertising and are a competitor in the same space. And they expert that market dominance by manipulating prices, perception, and their own products success.

>>c4ptnj+cJ1
Not to mention the fact that Google et al. do everything they can to avoid paying taxes in the countries they operate in, including developing countries. The global South loses billions of dollars that way that they could use to fund education and healthcare. The odd "philanthropic" project does not make up for that.

https://www.southcentre.int/wp-content/uploads/2021/10/TCPB1...