Well, this makes me sad. 2019 was one of the years I decided to donate, since I get a huge amount of value from Wikipedia.
Two broad takeaways from this are
- Wikipedia / Wikimedia foundation is one of the healthiest (financially speaking) non-profits out there
- For an online encyclopedia edited by volunteers, they spend way too much money on salaries and things not related to hosting their website.
Uncontrollable growth is a problem faced by so many tech companies. Everyone is trying to emulate the Google-Alphabet model where you do one thing well and therefore you must try to do all the things well. Eventually, the revenue gains run out and you’re stuck trying to float too many things. The core thing that has value and everyone loves dies in the raging bonfire of your other bets failing.
— Feross 🧙🏼♂️✨ (@feross) December 24, 2019