Elon Musk could eliminate any need for future fundraising from Wikipedia with a massive funding offer for the online encyclopaedia, but at what cost?
In a post on X, Musk referenced the site’s request for donations, offering the volunteer-run encyclopaedia a billion dollar financial boost if it was to make a rather childish rebrand to “Dickipedia”.
I will give them a billion dollars if they change their name to Dickipedia https://t.co/wxoHQdRICy
— Elon Musk (@elonmusk) October 22, 2023
Musk was seemingly inspired after seeing the standard appeal for donation on the site but couldn’t figure out why the site was asking for donations. “Have you ever wondered why the Wikimedia Foundation ants so much money?” The X owner and chief technical officer asked. “It certainly isn’t needed to operate Wikipedia. You can literally fit a copy of the entire text on your phone”.
In a recent interview with the Washington Post, a spokeswoman for the Wikimedia Foundation explained the reason behind the funding request. “Based on guidance from the Wikimedia Foundation Board of Trustees, our reserve amounts to one year of operating budget. If there were circumstances that affected our ability to raise those funds during that period, we could end up in an urgent situation – the reserve is a safety net to protect Wikipedia against such a possibility,” the spokeswoman said.
This rebrand would be the first in a long line of poor branding decisions on Musk’s behalf after his rebranding of Twitter to X earlier this year saw the social media platforms lose anywhere between $US4 billion and $US20 billion in value, according to analysts and brand agencies.
Perhaps a genuine offer, maybe a childish attempt at humour, but in any case, the investment would not be the best use of Musk’s financial assets. He recently saw a decline in his wealth, with his value dropping by $US16 billion after shares in Tesla fell by 9.3 per cent.
There’s still more work to do, to ensure female candidates have a decent shot at challenging and fulfilling roles, says AVEVA director of sales, Pacific, Christine McNamara in this op-ed. Who thinks Australia is doing ok, when it comes to evening up the scales in the historically male-dominated world of IT. Women comprise 29 per […]
Snap Inc. has announced a host of new hires across its team in Australia, including Dina Bailey as ANZ agency lead. Lead image: L to R – Dina Bailey, Bethany Rao-Davies, Sarah Ding, Rob Fitzpatrick, Tony, Daniel King, Elise Keeling The new hires include Dina Bailey, ANZ agency lead; Daniel King, senior client partner; and […]
X, the platform formerly known as Twitter, has been kicked out of Australia’s code for managing misinformation and disinformation online due to its lack of response to user complaints during the Voice to Parliament referendum. Lead image; Linda Yaccarino, CEO, X Twitter and subsequently X, had been a signatory to the Australian Code of Practice […]
Amazon Web Services (AWS) has announced that Leonardo.Ai, an Australian generative artificial intelligence (generative AI) content production platform, is creating 4.5 million new images daily on the world’s most comprehensive and broadly adopted cloud. Since launching in December 2022, Leonardo.Ai’s users have generated more than 700 million images and trained more than 400,000 custom generative […]