During the pandemic, nearly half of all US crowdfunding campaigns raised $0 ...Middle East

Quartz - Economy
During the pandemic, nearly half of all US crowdfunding campaigns raised $0
source : Quartz ( Middle East ) () 18
In the span of seven months, between January and August 2020, more than 175,000 Covid-19-related crowdfunding campaigns were posted from the US on GoFundMe, the world’s largest crowdfunding platform for social causes.Among those campaigns, 43% raised no money at all—a big change from pre-pandemic times, when only about 3.5% of campaigns produced no donations, according to a study to be published in the academic journal Social Science and Medicine in August.Although it’s hard to say why any individual campaign might fail to get traction, researchers found two elements were typically linked to more successful campaigns: They originated in areas with higher income, and they were launched by peo

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