Cultural impact of The Colbert Report his new wiki where readers could share their musical compositions. In an imitation of record scratching, Colbert used the term "Wiki-Wiki-Wikipedia". On May 24, 2007, the guest was Jimmy Wales, the co-founder of Wikipedia. Stephen Colbert called Wikipedia a "battlefield for information", a tool which "brings democracy to information" and moves away from the views of the "elite who study things and get to say what is or is not real". During the interview, Colbert showed a sentence on the screen, "Librarians are hiding something." Wales was not allowed to see it, implying that he could not personally stop a
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