Nicholas G. Carr essay titled "The Amorality of Web 2.0," he criticized the quality of volunteer Web 2.0 information projects such as Wikipedia and the blogosphere and argued that they may have a net negative effect on society by displacing more expensive professional alternatives. In a response to Carr's criticism, Wikipedia co-founder Jimmy Wales admitted that the Wikipedia articles quoted by Carr "are, quite frankly, a horrific embarrassment" and solicited recommendations for improving Wikipedia's quality. In May 2007, Carr argued that the dominance of Wikipedia pages in many search results represents a dangerous consolidation of Internet traffic and authority, which may be leading
Jimmy Wales projects. Inspired by the remarkably successful initial public offering of Netscape in 1995, and having accumulated capital through "speculating on interest-rate and foreign-currency fluctuations", Wales decided to leave the realm of financial trading and became an Internet entrepreneur. In 1996, he and two partners founded Bomis, a web portal featuring user-generated webrings and, for a time, erotic photographs. Wales described it as a "guy-oriented search engine" with a market similar to that of "Maxim" magazine; the Bomis venture did not ultimately turn out to be successful. Though Bomis had at the time struggled to make money, it provided Wales with