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Slide 1/2:
When was Wikipedia founded? (1 point)
Wikipedia was co-founded in 2001 by Jimmy Wales and Larry Sanger
Slide 1/2:
What is Wikipedia? (2 points)
Wikipedia is a free encyclopedia, owned by the Wikimedia foundation, serving the purpose of ensuring that website remains free from commercial control and continues to operate as a public resource
It’s also important to consider that Wikipedia is run as a non-profit organization, meaning it makes the majority of its revenue from donations
Slide 1/2:
How has Wikipedia evolved? (2 points)
since 2001 to today, Wikipedia is built on a user-based collaborative network, in other words, the encyclopedia is open to volunteer editors
since Wikipedia’s debut, it has only grown in popularity and has managed to stay relevant in the top ten, most visited websites since 2007!
Slide 2/2:
Barriers to Entry (intro and 3 points)
Wikipedia is a big player in the online encyclopedia industry, within that industry there are some barriers
First being a high startup cost - simply put, it’s hard for companies to find the means to pay for databases and content production
The next barrier is brand identity - being able to set your company apart from established competitors and build a respected reputation is no easy feat
User engagement is another barrier in this industry specifically - people are looking for a quick answer, for this reason search engines usually take in most consumers from encyclopedia’s