Microsoft has confirmed that it will terminate Skype on May 5, following its acquisition of the app for $8.5 billion in 2011, which many now view as an unsuccessful investment. Despite having a peak of 300 million users in 2016, the app has struggled to compete against rivals such as Zoom and Microsoft Teams, resulting in a significant drop to just 36 million users by 2023. Users are advised to migrate their data to Teams before the shut down, while the once-popular calling feature becomes obsolete.
Microsoft's announcement of Skype's shutdown on May 5 marks the end of an era for the once-dominant video-calling app that failed to compete with newer platforms.
Despite its $8.5 billion acquisition in 2011, Skype's user base has dwindled to just 36 million from a peak of 300 million in 2016.
Users have until May 5 to transition their chats to Teams, though Skype's voice calling services are set to terminate, reflecting its loss of relevance.
In a competitive landscape filled with platforms like Zoom and Teams, Skype struggled to retain its users and ultimately could not keep pace.
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