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Wikimedia Foundation refuses voluntary union recognition, hires union-busting law firm (en.wikipedia.org)
submitted 2 months ago* by to c/technology@lemmy.world
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[–] 2 points 2 months ago (2 children)

Curious, what does Wikimedia actually invest in besides Wikipedia? It's still a non-profit, right?

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  • [–] 7 points 2 months ago (1 child)

    As of June 30th, 2025 (this years report is pending), Wikimedia has $213 million invested in corporate bonds, stocks, mutual funds, mortgage-based and US Treasury securities. This is about a $30 million uptick from 2024:

    https://upload.wikimedia.org/wikipedia/foundation/3/3f/Wikimedia_Foundation_FY_24-25_Audit_Report.pdf

    1000124917

    Meanwhile, their actual hosting expenses sit at $3,5 million. Should they cut benefits and grants, they can last indefinitely on their assets appreciation alone.

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  • [–] 3 points 2 months ago

    Wow. So Wikimedia is really just a small hedge fund that happens to run the servers for an encyclopedia on the side. I had a hunch they spent a lot more on other non-wikipedia stuff, but for hosting to cost almost 2% of what they invest is eye opening. And makes it all the more petty that they can't pay their labor. Especially since so much labor is in fact volunteer work.

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