Elon Musk goes after Wikipedia, asks where all the money goes

[amghwk]

How are you being bullied? I'm pretty sure Mr. Musk is unaware of your existence.

I didn't mean only musk.

 

[anastrophe]

I didn't mean only musk.

The question still remains the same. But whatever.

 

[trgz]

Probably 'Y'

 

[Homerlovesbeer]

Starting the article with "Facepalm" shows incredible bias. It's very poor journalism.

 

[amghwk]

The question still remains the same. But whatever.

Yeah, whatever.

 

[Theinsanegamer]

Incredible...
One of the guys who helped invent/create Wikipedia said don't use it... He said it was taken over by Chinese mediators and human bot farms to rig the system for constant editing and changing. They also witnessed (in real time) the CIA changing documents and rewording articles. The Wiki database is no longer is controlled by public interests.


Elon Musk and most everyone who gets real news is aware of this^ and of Wikipedia's illegitimacy. Vast amount of the populace has understood this for many, many years now.

So, it is crazy to see how many people simply don't know any of Wikipedia's history... & just jumped strait to how elon emotionally hurts them... type rants.

All they read is " wikipedia needs money and does good K" and believe it with 0 critical thought.

 

[sethiol]

From the man that wasted 44B on Twitter, that is priceless.

It was his $44B and not $150M/year of someone elses. Not seeing your point.

 

[sethiol]

This from the man who was convinced Twitter had vastly more people and functions than it needed, and then watched it's reputation, revenues and content accuracy all enter freefall without them.

He's probably embarrassed at how often Wikipedia is used to rebut obviously dumb info in tweets.

He fired a bunch of people with no real job, except to post "stories/ day in the life" to social media about how little they did in a day and getting paid $100k+/year.

 

[nnguy2]

He fired a bunch of people with no real job, except to post "stories/ day in the life" to social media about how little they did in a day and getting paid $100k+/year.

Sounds exactly like what Musk does all day

 

[winjer]

It was his $44B and not $150M/year of someone elses. Not seeing your point.

He got financial commitments from other entities, such as Bank of America, Barclays, BNP Paribas, Mizuho, Morgan Stanley, MUFG and Societe Generale.
And he also did an equity to finance his part.
Although he put in most of the money, it wasn't just his money.

Regardless, that was not the point. But rather that he just wasted a ton of money in a company that is not worth anything close to 44B.

 

[wiyosaya]

He fired a bunch of people with no real job, except to post "stories/ day in the life" to social media about how little they did in a day and getting paid $100k+/year.

That's what Musk says and people still accept what he says without critical thought because Billions?

BS. Musk's "prophetic utterances" deserve just as much critical thought as the utterances from others.

 

[Bobbydpue]

The man makes a fair point. Much like the Linux foundation, well over 90% of wikipedia's funding ends up at either political organizations or "special interest groups". It doesnt cost much to run wikipedia and the company makes hundreds of millions in donations per year.

Most "charities" or "donation driven" organizations are scams at best and fronts at worst.

"Wikimedia Foundation allocates 43 percent of the funds for "direct support" to its websites, 32 percent for community support, 13 percent for administration and governance, and 12 percent for fundraising." Where did you get the information you used to form your opinion? I'm guess you just made it up based on how you feel rather than actual evidence.

 

[Bobbydpue]

He fired a bunch of people with no real job, except to post "stories/ day in the life" to social media about how little they did in a day and getting paid $100k+/year.

That's not accurate. People who work for a social media company don't post to social media all day. There are plenty of stories about trying to rehire people who held critical positions within the company. Also you're typing as if you were there or something.

 

[hahahanoobs]

Musk is a child.
I'll be glad when he's gone.

 

[Furriest]

Hey Techspot, here's a crazy idea; how about you stop indulging this man-child by posting about whatever random brain fart he's having on a particular day? Sound good? Thanks in advance.

The more you cover a rich man-child, the more relevant he will become. It should be common knowledge that when you have nothing innovative to steal credit from you just need to mindlessly tout a highly uninformed hot take and watch as you become the peak of internet relevancy.

I think I'll just have a content blacklist so I don't have to hear the man's name, why should one man's life pop up in the feeds of billions on a weekly basis, it is not earned.

 

[m3tavision]

Can musk just stfu at last? For just a brief moment?

Where exactly did elon hurt you...?

 

[m3tavision]

That's not accurate. People who work for a social media company don't post to social media all day. There are plenty of stories about trying to rehire people who held critical positions within the company. Also you're typing as if you were there or something.

Hunh..
He fired 3k SJW and said that he was surprised that many employees had an average of 6 alt-accounts... and that they were quit active. Abnormally active.

And that Twitter's own employees at times made up 6% of the traffic...

 

[RudyBob]

the weak justification of "people want to know"

"...people want to know." Tells me all I need to know

 

[mbk34]

Most "charities" or "donation driven" organizations are scams at best and fronts at worst.

I set up a charity to administer our local park in London. Funding for parks have dropped by about 60% and it desperately needed funding to ensure the park was maintained. Local people are happy to volunteer their time. Events can bring in up to 20K people and this raises additional money to go back into the park. Becoming a charity was a huge benefit to us, not only for tax reasons, but because local companies could now make official donations of money and their employees time. Not only have we managed to maintain the park, we also now get awards for what's been done and how it benefits the local community.

 

[CaptCalamity]

Most charities publish a financial report stating where all the money goes though I'll admit I've never read Wikipedia's. It would be interesting and upfront to have a page that states where the money does go.

They are required to
and they do
https://wikimediafoundation.org/about/financial-reports/

 

[CaptCalamity]

Yeah, but that was his money. He can waste it however he wants

All of it wasn't. Ask the Saudis

 

[Emu81]

The man makes a fair point. Much like the Linux foundation, well over 90% of wikipedia's funding ends up at either political organizations or "special interest groups". It doesnt cost much to run wikipedia and the company makes hundreds of millions in donations per year.

Most "charities" or "donation driven" organizations are scams at best and fronts at worst.

You know, if you spent 5 minutes actually looking into the Wikipedia foundation instead of taking Musk at his word then you would find that the Wikipedia Foundation is a 501(c)(3) charity which is required to make it's financials public.

For the 2021-2022 financial year, the Wikimedia Foundation had operating expenses of $145,970,915 which consists of $88,111,412 for salaries and wages, $14,923,242 for Awards and Grants, $2,704,842 for Internet Hosting, $405,885 for "In-Kind service expenses", $6,215,434 for Donation processing expenses, $16,881,184 in Professional service expenses, $11,853,366 in Other operating expenses, $1,191,164 for Travel and conferences, and $3,213,466 in Depreciation and Amortization, $470,920 in Special event expense, net. The foundation had a net income of $154,686,521 which resulted in a net increase in assets of $8,715,606.

The foundation had 700 staff and contractors which averages out to around $125,873 per person which is pretty reasonable for wages and salaries considering the kinds of people that they would need (IT, web design, lawyers, etc) and the ancillary costs of hiring people.

 

[m3tavision]

You know, if you spent 5 minutes actually looking into the Wikipedia foundation instead of taking Musk at his word then you would find that the Wikipedia Foundation is a 501(c)(3) charity which is required to make it's financials public.

For the 2021-2022 financial year, the Wikimedia Foundation had operating expenses of $145,970,915 which consists of $88,111,412 for salaries and wages, $14,923,242 for Awards and Grants, $2,704,842 for Internet Hosting, $405,885 for "In-Kind service expenses", $6,215,434 for Donation processing expenses, $16,881,184 in Professional service expenses, $11,853,366 in Other operating expenses, $1,191,164 for Travel and conferences, and $3,213,466 in Depreciation and Amortization, $470,920 in Special event expense, net. The foundation had a net income of $154,686,521 which resulted in a net increase in assets of $8,715,606.

The foundation had 700 staff and contractors which averages out to around $125,873 per person which is pretty reasonable for wages and salaries considering the kinds of people that they would need (IT, web design, lawyers, etc) and the ancillary costs of hiring people.

Wow, you sound like Mr Wikipedia...
Wikipedia won't cover their own scandal... so no point in trying to find the truth there.

 

[Qaroline]

Musk, meanwhile, recently launched a $1 annual fee for X users in select regions to boost platform revenue.

Musktard asks $1 from first world countries rather than do it for third world countries where your monthly wage is $30. Just... unbelievable. What a genius of business.

 

[mbk34]

Wikipedia won't cover their own scandal... so no point in trying to find the truth there.

I think you have to specify what scandal.

You don't seem to be someone searching for truth but simply someone trying to pass your opinion off as truth (a pretty common issue from people editing Wikipedia articles).