Microsoft announced it will retire Skype in May, redirecting some of its features to Microsoft Teams. Skype, acquired in 2011 for $8.5 billion, revolutionized online communication with its VOIP technology. Initially developed in 2003, it allowed users to make free or inexpensive calls, democratizing access to video communication. Over the years, Skype grew to 170 million users but has been overshadowed by Microsoft Teams, which the company now prioritizes as it competes in the communications market.
Skype was a pioneer in making telephone calls using the internet instead of landlines...It brought a lot of people around the world closer.
The ability to bypass expensive international phone calls to connect with far-flung co-workers was a boon for startups, but also people outside the business world.
The Skype brand has become a verb, nearly synonymous with video and voice communications.
Microsoft prioritizes Teams over Skype to streamline its main communications app as it faces a host of competitors.
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