Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Wikipedia is actually privately owned. They raised enough money to fund thenselves indefinitely a long time ago but then they got bought out. All these donations are now funneled into the shareholders of the parent company.

Think about it, all the work is done by volunteers. Server costs are negligible because it’s all cached plaintext that can fit on a single server if you need it to. There’s basically no costs.

And yet… hundreds of millions get withdrawn. It ain’t going to Wikipedia. Wikipedia was financially secure through investments a decade ago. It’s fraud.



Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: