Is Crowdsourcing a Dying Idea?
November 23, 2009
– Comments (9)
The Wall Street Journal (Sub may be required) had an article this morning on Wikipedia rapidly losing the volunteers who edit and contribute to its content.
“Volunteers have been departing the project that bills itself as "the free encyclopedia that anyone can edit" faster than new ones have been joining, and the net losses have accelerated over the past year. In the first three months of 2009, the English-language Wikipedia suffered a net loss of more than 49,000 editors, compared to a net loss of 4,900 during the same period a year earlier…
Wikipedia's struggles raise questions about the evolution of "crowdsourcing," one of the Internet era's most cherished principles. Crowdsourcing posits that there is wisdom in aggregating independent contributions from multitudes of Web users.”
Since the Fool has our own crowdsourcing initiatives (CAPS and our Wiki), this generated a lot of discussion around the company. Specifically whether internet users are evolving away from crowdsourcing initiatives as some of the excitement and initial “wow” factor wears off and increasingly gravitating toward spending time on other platforms such as social media.
Is this just a blip on the radar and more indicative of Wikipedia not incentivizing users (not necessarily through monetary gains, but through other methods) properly, or do you think this is part of a larger trend? We’d love to hear some community feedback on your own experiences. Also, if you have any feedback for either CAPS or the Fool Wiki, we’ll be watching for that also.
-Eric Bleeker (TMFRhino)