Wikinomics
Did you notice there are no advertisements on Wikipedia? Now is that a temptation for Wikipedia founders or what! The founder is Jimmy Donal "Jimbo"
They say Wikipedia runs on donations. Now personally I don’t have much faith in donations; something like a customer who tips as per his mood, isn’t it? So, what is the economics of it?
And do they have secret sifters sitting somewhere? Because apparently everyone can contribute to Wikipedia and that way, without sifters, one would expect the credibility of Wikipedia to be much lower than it actually is.
Brings me to the fact that either it's huge donations or Wikipedia isn't that expensive to run. But how can that be? Actually just how much does it cost to run Wikipedia ever day or week?
Bottom line: If Wiki can, I sure can survive on donations! Anyone?
June 9th, 2009 - 04:14
Not sure if your title was a pointer towards the book, but Wikinomics is quite a popular book, and answers all of your questions