article imageWikipedia Info Source Begs Financial Help, Gets Consumer Bailout

By Carol Forsloff.
Published Jan 3, 2009 by  Carol Forsloff - 18 votes, 4 comments
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Jimmy Wales had a great idea when he created an online Encyclopedia. After this Internet resource made its mark, however, it began to flounder financially. So Wales asked viewers to help out.
Asking for one more dime in the cup from folks who don’t have many dimes themselves shows problems in business are happening everywhere this recession.

Wikipedia has had its share of critics. Anyone can write a definition or entry, but there are cautions on the site that tell viewers information may not have been verified. That’s true of lots of the material, but the pressure of consumers added to the critical nature of certain writers, means that a lot of the false information is cleared eventually. Wikipedia has responded with information on how to fix errors, after reviewing the criticisms it has received. Some folks in the tech world maintain that criticism of Wikipedia works to improve it.

This Internet Encyclopedia has helped solve a lot of problems instantly. It does that by providing initial answers about almost anything, then resources for find more information in depth. This is invaluable, regardless of the errors that pop up now and again.

Wikipedia has now announced a “thank you” on its website today. $4 million was garnered from the public and with $2 million contributed as gifts in addition to foundation grants, Wikipedia is saved for the day. A lot of Internet users are happy about that because of the contribution it has made to the information resources available online.

That’s not the end of the story. Wales continues to solicit funds so that Wikipedia will have, as he says, “a safety net.” So there’s a link right after the thank you that allows folks to keep those cards and letters coming with the nickel- and- dime bailout money to keep this well-known name, Wikipedia, afloat. Will Yahoo be next?
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