Skype shutdown: Microsoft’s billion-dollar bet fails to keep pace

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Microsoft will retire Skype by May 2025, marking the end of a service that once dominated online communication. The decision reflects changing user preferences and competition from other platforms.

Rise and acquisitions

  • Launched in 2003, Skype quickly gained traction with free voice calls over the internet.
  • By 2005, it had 50 million users.
  • eBay acquired it for $2.6 billion but failed to integrate it.
  • A consortium including Andreessen Horowitz and technology investor Silver Lake took over Skype in 2009.
  • In 2011, Microsoft bought Skype for $8.5 billion,…



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Skype shutdown: Microsoft’s billion-dollar bet fails to keep pace


Microsoft will retire Skype by May 2025, marking the end of a service that once dominated online communication. The decision reflects changing user preferences and competition from other platforms.

Rise and acquisitions

  • Launched in 2003, Skype quickly gained traction with free voice calls over the internet.
  • By 2005, it had 50 million users.
  • eBay acquired it for $2.6 billion but failed to integrate it.
  • A consortium including Andreessen Horowitz and technology investor Silver Lake took over Skype in 2009.
  • In 2011, Microsoft bought Skype for $8.5 billion,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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