Wikipedia

Chris Anderson is the editor-in-chief of what magazine?

The most obvious economic effect of Wikipedia has been the death of commercial encyclopedias, especially the printed versions, e.g. Encyclopædia Britannica, which were unable to compete with a product that is essentially free. Nicholas Carr wrote a 2005 essay, "The amorality of Web 2.0", that criticized websites with user-generated content, like Wikipedia, for possibly leading to professional (and, in his view, superior) content producers' going out of business, because "free trumps quality all the time". Carr wrote: "Implicit in the ecstatic visions of Web 2.0 is the hegemony of the amateur. I for one can't imagine anything more frightening." Others dispute the notion that Wikipedia, or similar efforts, will entirely displace traditional publications. For instance, Chris Anderson, the editor-in-chief of Wired Magazine, wrote in Nature that the "wisdom of crowds" approach of Wikipedia will not displace top scientific journals, with their rigorous peer review process.


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  • In 2017–18, after a barrage of false news reports, both Facebook and YouTube announced they would rely on Wikipedia to help their users evaluate reports and reject false news. Noam Cohen, writing in The Washington Post states, "YouTube's reliance on Wikipedia to set the record straight builds on the thinking of another fact-challenged platform, the Facebook social network, which announced last year that Wikipedia would help its users root out 'fake news'." In answer to the question of 'how engaged are visitors to the site?' Alexa records the daily pageviews per visitor as 3.04 and the daily time on site as 4.01 minutes.

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  • The most obvious economic effect of Wikipedia has been the death of commercial encyclopedias, especially the printed versions, e.g. Encyclopædia Britannica, which were unable to compete with a product that is essentially free. Nicholas Carr wrote a 2005 essay, "The amorality of Web 2.0", that criticized websites with user-generated content, like Wikipedia, for possibly leading to professional (and, in his view, superior) content producers' going out of business, because "free trumps quality all the time". Carr wrote: "Implicit in the ecstatic visions of Web 2.0 is the hegemony of the amateur. I for one can't imagine anything more frightening." Others dispute the notion that Wikipedia, or similar efforts, will entirely displace traditional publications. For instance, Chris Anderson, the editor-in-chief of Wired Magazine, wrote in Nature that the "wisdom of crowds" approach of Wikipedia will not displace top scientific journals, with their rigorous peer review process.

    More Info
  • The most obvious economic effect of Wikipedia has been the death of commercial encyclopedias, especially the printed versions, e.g. Encyclopædia Britannica, which were unable to compete with a product that is essentially free. Nicholas Carr wrote a 2005 essay, "The amorality of Web 2.0", that criticized websites with user-generated content, like Wikipedia, for possibly leading to professional (and, in his view, superior) content producers' going out of business, because "free trumps quality all the time". Carr wrote: "Implicit in the ecstatic visions of Web 2.0 is the hegemony of the amateur. I for one can't imagine anything more frightening." Others dispute the notion that Wikipedia, or similar efforts, will entirely displace traditional publications. For instance, Chris Anderson, the editor-in-chief of Wired Magazine, wrote in Nature that the "wisdom of crowds" approach of Wikipedia will not displace top scientific journals, with their rigorous peer review process.

    More Info
  • In addition to logistic growth in the number of its articles, Wikipedia has steadily gained status as a general reference website since its inception in 2001. About 50 percent of search engine traffic to Wikipedia comes from Google, a good portion of which is related to academic research. The number of readers of Wikipedia worldwide reached 365 million at the end of 2009. The Pew Internet and American Life project found that one third of US Internet users consulted Wikipedia. In 2011 Business Insider gave Wikipedia a valuation of $4 billion if it ran advertisements.

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