Skype announces it will close in May
Published On Feb 28, 2025, 10:07 AM
Microsoft is shutting down Skype, the once-popular video calling service, in May. Originally launched in 2003 and acquired by Microsoft in 2011 for $8.5 billion, Skype struggled to compete with rapidly growing rivals like WhatsApp and Facebook Messenger. Following a series of unsuccessful updates and changing user preferences, Microsoft has directed users to migrate to Microsoft Teams, which has become more popular since the onset of the Covid pandemic.
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Microsoft's decision to close Skype in favor of Microsoft Teams aligns with the company's strategy of ensuring growth in its current products. Teams' popularity surged during the pandemic, providing a solid base for future growth. However, the shutdown of Skype may lead to short-term investor concerns regarding Microsoft's innovation and ability to retain user engagement in the communications space.
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