Wikipedia Is 'Doing Very Effectively Financially', Says Co-Founder Jimmy Wales

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Wikipedia co-founder Jimmy Wales mentioned Thursday that the free on-line encyclopedia is in good monetary form, though growing cell phone use might minimize into future donations.

“We spend less than we bring in every year,” he mentioned.

“We are doing very well financially,” Wales instructed AFP forward of Vivatech, a Paris tech truthful for start-up corporations.

Wikipedia has printed practically 350 million articles, and has clocked up greater than 190 billion views over the previous 12 months.

Wikipedia had “never been really good” at attracting main donors, with most of its cash coming from individuals every giving round 15 euros ($16.80) in endowment cash, he mentioned.

However Wales additionally mentioned he feared a menace to Wikipedia’s enterprise mannequin from growing use of cell units coupled with private assistant purposes like Apple’s Siri.

“We see a rise of people using Wikipedia in ways that don’t involve websites,” he mentioned.

Wikipedia has now launched a donations drive to construct up reserves, Wales mentioned. “Fix the roof when there’s sunshine, when it rains it’s too late,” he mentioned.

“We love that but you don’t come to the website and see the (request for donations) banner. We haven’t seen any impact yet but we worry, we think we should raise money.”

Wikipedia, launched in 2001, is the most important web encyclopedia. It’s multi-lingual and ad-free.