posted in Technology
Wikimedia Foundation refuses voluntary union recognition, hires union-busting law firm
en.wikipedia.org/wiki/Wikipedia:Wikipedia_Signpost/2026-08-02/News_and_notesen.wikipedia.orgWikipedia:Wikipedia Signpost/2026-08-02/News and notes - Wikipedia
Replying to @inari@piefed.zip
God dammit, this is like the moment the Titanic first hit the iceberg. No matter how this labor issue is resolved, it will permanently demonize Wikimedia. No matter how valuable Wikipedia is or has ever been, current culture provides no foregiveness or path of redemption after an ethical transgression. Again, dammit, I love Wikipedia and have been donating steadily for years.
Replying to @LovableSidekick@lemmy.world
You really don’t need to donate to them. Wikipedia has enough money to run itself indefinitely. The foundation just keeps growing and wasting money on non-Wikipedia stuff.
Replying to @ayyy@sh.itjust.works
Curious, what does Wikimedia actually invest in besides Wikipedia? It’s still a non-profit, right?
Replying to @raze2012@lemmy.world
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:
…wikimedia.org/…/Wikimedia_Foundation_FY_24-25_Au…
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.
Replying to @Allero@lemmy.today
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.