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Jimmy Wales on the Future of Wikipedia

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    Wikipedia co-founder Jimmy Wales on the relevance and future of the site.

  • Duration 5:53
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Welcome back to Naples Florida and the CNB global leadership conference the power of Wikipedia.

Admitted he'd been on a ten times today it even extends to the developing twist -- the General Petraeus sex scandal questions now being raised about.

The free online dictionary page of one of the women at the center of the scandal was it altered anonymously to reveal clues and what does that say about the power and relevance.

Of Wikipedia.

We're joined now by one of the keynote speakers here CME local leadership council.

Jimmy Wales co-founder of Wikipedia and a Fox Business explicit and -- general sense does it surprise you.

That Wikipedia it's not being talked about as part of this General Petraeus.

Don't -- doesn't really because any time big news breaks.

Lot of those -- community they track all the news stories as the coming around and are adding information and things like this.

Hands.

You know it's I remember a few years back and 1 AM the famous pro wrestler.

Die and someone had put into his entry.

That he had dyed but before his body had been found and it was a big -- about -- some.

Was he murdered in some well it turns out it was I think the policeman looked looks like I was completely random.

Somebody hit by putting them -- -- a minute later with the journal's sources and turn out to be nothing but what -- right people are -- than ninety thought to be funny to vandalized walking.

I think that's the thing -- -- -- -- jump on these pages but they leave a Trace they leave the URL right out blockers are trying to Trace the URL somebody who.

Looks like they tried to sort of change -- Rockwell's.

Page she of course one of the women at the center of the scandal.

What does it say about the relevance of the power Wikipedia now.

Well it's it's something that we take very seriously because we know in any news big breaking news story.

People to countries beating they're always very precedent in what we have -- not because we.

Having -- think between ourselves but because we pull from somebody information sources and we really try.

To give the overall picture.

One of the things that that happens a lot when you cut breaking news story over several days is that if you read a newspaper turn on the television.

They -- seniority know what's going on.

And people then -- to Wikipedia saying gosh they're going on and on about this betray us thing but -- -- -- what happened and they go back from the get the back story a little that it's it's.

I mean it's amazing.

What how much -- become part of our infrastructure part of our life non everyone uses.

Are you know some journalists say don't touch Wikipedia it's not reliable what -- -- I think he you know we PDs pretty good -- -- -- -- -- things that today particularly as.

Journalism as a profession is under a lot of economic pressure many newspapers -- are making do with fewer journalists -- -- would have had in the past.

There was always been asked sort of -- into a situation as some kind of an instant expert.

-- I would say is yet don't use the competing don't don't look at your story -- -- -- story from -- that's really lazy -- not gonna work but what's really interesting -- to use Wikipedia to keep yourself oriented.

And then go to the discussion pay to see what that would keep meetings having trouble figuring -- and that's -- questions are.

If there's been conflicting stories in the past and the with opinions -- -- well this is licences that we don't know but.

There's your question and I think that's a great tool fraternal.

People to understand a little bit about your background and that is that you were a trader in Chicago and worked and in -- finance.

You abandoned dot interestingly enough why.

Tom I just really fascinated by the -- that there was a time when.

Netscape was -- had gone Republicans worth four point three billion dollars and that's interesting -- -- for your attention being a complete -- yet at night on -- on the weekends I was working on writing my own web browser and when -- went public one month web browser wasn't as good as there's but I knew it was a four point three billion dollars worse.

And I thought -- something really interest things going on here something culturally important something exciting from a business perspective.

And I just wanted to be a part of that up.

-- your panel today it was the keynote speech actually is is a Wiki future what does that mean -- -- future.

Well when I talked about is Howell.

You know literally.

Hundreds of millions of people are coming on line very very quickly.

All around the world people are becoming much more involved in participating online participating Internet.

So I -- has a very bright future but also.

We're seeing at which EMI for profit company we're seeing.

Literally hundreds of thousands of communities coming together to go really in depth on all kinds of topics I think it's still.

Quite -- actually thing to watch you.

Always had a nonprofit service here -- you ever consider changing that model and and making a bit of corn -- this just.

But now know what's needed is is owned by that we can media foundation which is the charity -- -- founded to.

To own and operate it -- -- a one C three charity.

You know.

We have no intentions of changing anything -- nuts.

And one last question it's not want want piracy act T -- went dark attend protest it up.

Where does that stand what do you hope for with -- Well what I'm hopeful about also where -- is completely dependent and certainly during an election Harry makes me very happy and a we needed during election neared the fact that ten million people contacting congress that day.

Meant that no politician will go anywhere near for awhile but we do expect Hollywood to come back again they always do it.

What I'm what I'm hoping is that at this time around the next time we have a conversation about piracy which I do agree is a problem.

We'll have a more serious conversation about how -- we deal with.

Large scale criminal piracy.

And not break the Internet.

As a part of the process Jimmy Wales co-founder of Wikipedia Wikipedia it is great to see you I can't catch what -- senator -- -- -- thank you so much thank you for talking to us about this.

Keep us posted on the General Petraeus thing -- yeah.

Pages of -- interest -- -- back to you David -- --

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