The Wales Rules for Web 2.0

Wikipedia founder Jimmy Wales was in the Web 2.0 business before there was such a term. He has five rules for tapping the enthusiasm of users.

5. Be Trusting
Wikipedia is certainly no stranger to conflict - there are regular "edit wars," where people repeatedly remove each other's contributions, and prolonged disputes in which editors are unable to agree on an article's content.

But the relative lack of adult supervision on Wikipedia has encouraged people to settle disputes through consensus rather than conflict. The process is often messy, but Wikipedia's popularity is proof that it works. "Some sites have a lot of controls to prevent bad behavior," Wales says. "But they end up preventing spontaneous good behavior."
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.