Microsoft blew $8.5 billion on Skype only to spend 14 years killing it
Skype will be closed down in May 2025, but it really died in 2011 when it was bought by Microsoft. It’s just been a death by a thousand slow-motion cuts.
You didn’t know Skype was still a thing, and in a few weeks’ time, it won’t be. Once a revolutionary app that brought free voice calls over the internet, it was important enough and valuable enough that in 2006, eBay bought it for $2.6 billion.
If it seems peculiar that eBay would be the one that bought it, give the auction site some credit — it flipped the service and sold Skype on in 2011 for a huge profit. Five years is a long time to have it on “Buy it Now,” but Microsoft eventually snapped it up for $8.5 billion.
Continue Reading on AppleInsider | Discuss on our Forums
Source: AppleInsider News
Recent Posts
NASA Astronaut Don Pettit Uses His Camera for Science in Space
NASA astronaut Don Pettit, known for his incredible astrophotography, sense of humor, and clever camera…
WhatsApp now lets users create their own sticker packs
WhatsApp this week released a major update that adds a new way to create and…
Ben Affleck Has a New Batman Complaint: Wearing the Batsuit Sucked
The actor has long since moved on, but he'll forever be asked about his DC…
LEGO Easter Sale Drops Deals Too Sweet to Miss, Hurry This Won’t Last Long
Dozens of awesome building kits for all ages are marked down from now through April…
This Reminders feature is a lifesaver when my task list grows too long
Apple’s Reminders app has become a powerful task manager in recent years, and there’s one…
Trump Weaponizes Bureaucratic Review to Stop Offshore Wind Project
What happened to cutting red tape?