Interview with Wikipedia founder Jimmy Wales about his new Wikitribune news venture

The video discusses the potential of well-organized online communities to produce quality content, contrasting this with the challenges faced by citizen journalists who lack resources and access. It explores how collaboration between journalists and communities can optimize costs and improve storytelling. The video also addresses the issue of misinformation in popular Wikipedia articles and the need for content protection during traffic spikes. It highlights the flag revision system used in the German Wikipedia as a successful model for ensuring content reliability.

What is the significance of timely information in news reporting?

Describe the 'flag revision' model used in the German Wikipedia.