Why did Bomis shift Wikipedia to a non-profit status?
Wikipedia was a drain on resources
To avoid legal issues
To increase user trust
To attract more investors
Answer
As Wikipedia's popularity and costs increased, Bomis' revenues declined. Since Wikipedia was a drain on Bomis' resources, the decision was made to shift the encyclopedia to a non-profit status.
Bomis Bonanza: Unraveling the Secrets of the Dot-Com Sensation
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