Wikipedia is not in any financial crisis

Wikipedia is not in any financial crisis

The president of the Wikimedia Foundation Florence Devouard has denied the rumors floating around on the web that the open source encyclopedia service Wikipedia is in a financial crisis.

Florence Devouard was quoted by bloggers as saying that the Foundation only has resources for a few more months and that without new funding Wikipedia could close.

That led to some major worries expressed by online bloggers who rushed to donate on the website fearing that their favorite online destination might close down in the next couple of months.

However, Devouard has now clarified in a statement: “There are indeed only about a million dollars (760,000 Euros) in the bank, but compared to previous years that is almost comfortable. It is enough for three or four months — nothing to panic about.”