Wikipedia how does it make money

Image source: en. LifeStance makes money on a per-visit basis when a patient receives care from one of its clinicians. The company makes most of its money from fees when someone uses a GoodRx code to fill a prescription. How does Wikipedia make money?

Wikipedia gets most of its money through donations, but also sells goods on the Wikipedia store Of all the tools that the Internet has given us, perhaps the most useful is free-content Internet encyclopedia Wikipedia. Every month, roughly 75, active editors make more than five edits on Wikipedia.

While the ongoing coronavirus pandemic has choked businesses across industries, it has presented a new opportunity for the website. Wikipedia has found an uptick in the number of people turning to the site as a reliable source of information during the health crisis. The charitable website is supported by its readers across the world and depends on their donations to survive. Fundraising campaigns are carried out at specific times every year in most parts of the world.

Given the readership garnered in India, it is rather surprising that Wikipedia launched its first full fledged fundraising drive in India only this year. Due to the coronavirus pandemic, which seems to have brought life to a grinding halt for millions across the world, Wikipedia was forced to delay the fundraising campaign it had scheduled for spring, this year. Click here to join our channel indianexpress and stay updated with the latest headlines. Rahel Philipose Rahel Philipose writes for the indianexpress.

Assam Rifles Commandant, his family members among 7 killed in ambush in Manipur 'Will lockdown, stopping of vehicles help? More than 15 billion articles are accessed on Wikipedia — every month. The site now counts close to , voluntary editors who create and edit content in about languages. Meanwhile, the Wikimedia Foundation now employs close to people. The overwhelming majority of the revenue that Wikipedia generates comes from donations that individual contributors and corporations make.

In order to motivate people to donate, Wikipedia has been known to put up banner advertisements on the top of its pages. Wikipedia also generates income through a variety of investments. The majority of the investments that Wikipedia or rather the foundation makes are held in fixed income and equity holdings. The foundation tries to ensure that its investments are well diversified, meaning equally distributed between each of those levels.

Another revenue stream for Wikipedia is the merchandise it sells via its own store. People can purchase a variety of items, including:. All products carry the Wikipedia logo or its naming. Furthermore, Wikipedia users can nominate other editors to receive a free item via its Merchandise Giveaway program.

The API packages existing data from Wikipedia and other websites in a readily consumable format to be used for their own services. All big tech firms have internal teams that are working on transforming Wikipedia data to be used for their own services.

For instance, YouTube automatically inserts Wikipedia links in videos that require factual objectivity. Those companies will consequently pay Wikimedia to get access to this cleaned data.

While pricing has not been publicized, it can be assumed that payments are dependent on the file size that is being imported by a given company. It has to be noted that all proceeds generated from the API will be going towards Wikimedia, LLC, a for-profit company established by the foundation.

Hi folks, my name is Viktor! By day, I lead a tech team of 10 for an e-commerce startup. At night, I work on expressing my weird thoughts through this blog. And if there's time, I cuddle my cat.. The site arose from my fascination with how modern-day businesses utilize technology and product-led thinking to become dominant players in their industry.

Email Quora Get paid to write! The organization strives to stay true to its mission of providing free knowledge for everyone. The internet has provided us with a lot of tools.

Wikipedia is one of the most useful tools we have free access to. Almost 75, active editors make no less than 5 edits on Wikipedia every month. They also improve and review content regularly and apply guidelines and policies to ensure Wikipedia is an impartial, accurate, and reliable source of information.

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