Tuesday, January 11, 2011

Wikileaks' business model flawed

Wikileaks is bleeding cash:
Mr Assange told Swiss newspapers Tribune de Geneve and 24 Heures personal pressure placed on him "reinforces my determination".

"But from a financial point of view, it's another matter," he said.

"We have been losing more than 600,000 francs ($620,053) a week since the start of the publication of the diplomatic cables.

"To continue our business, we would need to find a way or other to get this money back."
The photo attached to the story shows not the confident whistle-blower we all know and love but rather a dejected Assange holding a begging-cup. It was perhaps unwise of Assange to start a business dependent on donations.


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