"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."
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.
Read at WIRED
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