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The entirety of the English Wikipedia can be stored in a single commodity hard disk. The entire database (with revisions and all) is less than 1TB. All other wikipedias combined amount to something similar. This is probably less data than what Reddit ingests every day.
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Less than 0.05% of the Wikipedia users have done any type of contribution to the content. The absolute majority is just visiting to read it.
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The content of an encyclopedia changes way less often than any social network. Any page written can be a resource used for any high-school student doing research for an assignment. How many people bother to revisit week-old memes on Reddit or imgur, let alone something written decades ago? Yet, both Reddit and Wikipedia need to store all their content forever.
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