Elon Musk Questions Wikimedia Foundation’s Funding, Potential Acquisition?

Elon Musk, the proprietor of the X app, has ignited a thought-provoking conversation by publicly questioning the Wikimedia Foundation.

Elon, who commands an audience of over 160 million followers, pondered aloud why the organisation behind Wikipedia, often likened to an online encyclopedia, requires such substantial funding.

Speculation ran rife, with unverified rumours hinting at Wikipedia soliciting donations and concerns arising about the organisation’s financial stability.

The donation request states:

“If you can comfortably afford it this year, please join the readers who donate.”

It later came to light that the message was disseminated by the nonprofit Wikimedia Foundation, which proudly declared raising an impressive $165.2 million through over 13 million donations during the fiscal year of 2022 alone.

In a recent social media post, Elon asserted that Wikipedia’s operational needs appear to far surpass the financial resources required, contending that:

“You can literally fit a copy of the entire text on your phone!”

He thereby extended a request for the Wikimedia Foundation to clarify its financial requirements, as this matter has piqued the curiosity of discerning readers.

Elon Musk, predominantly known for his ventures in electric vehicles and space exploration, remains a controversial figure when delving into the workings of media outlets.

This is not the first time he has stirred such discussions, notably with X (formerly known as Twitter), which he eventually acquired and transformed into the X app.

In light of these developments, some have speculated that he may have similar intentions with Wikipedia.

However, Wikipedia’s founder, Jimmy Wales, has asserted that the company is not on the market for acquisition.

* Original content written by Coinlive. Coinbold is licensed to distribute this content by Coinlive.

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