Microsoft has announced it will retire Skype, the video-calling service it acquired for $8.5 billion in 2011, in favor of its Microsoft Teams platform. The decision reflects a strategic prioritization of Teams, as Skype users can transition to Teams with their accounts. Originally founded in 2003, Skype revolutionized communication by providing affordable VOIP calls and later video calls, fostering global connectivity. Despite its historic significance, Microsoft's strategy now focuses on streamlining services amid rising competition in the digital communications space.
‘You no longer had to be a senior manager in a Fortune 500 company to have a good quality video call with someone else,’ said Barbara Larson, a management professor at Northeastern University who studies the history of virtual and remote work. ‘It brought a lot of people around the world closer.’
‘You could suddenly have long calls, frequent calls, that were either free or very inexpensive,’ Larson said. As with other new platforms, scammers also made use of it.
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