Wednesday, January 4, 2012

Wikipedia raises $20 Million

Wikipedia, started in 2001, has become one of the most reliable source of information available on the internet. Interestingly Wikipedia is written collaboratively by largely anonymous Internet volunteers who write without pay. Anyone with Internet access can write and make changes to Wikipedia articles (except in certain cases where editing is restricted to prevent disruption or vandalism).

Each year Wikipedia asks its 470 Million users to donate some money to keep the site running. This year the company raised $20 Million from more than 1 millions donors around the globe. Company's operating budget for 2012 is $28.3 Million. According to Wikipedia the remaining money will be collected from additional donations received year-round and grants.


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