Microsoft to retire Skype after about two decades of an era. Why is it here? Mint

Big tech giant Microsoft Corp has decided to retire the online video conferencing platform Skype after two decades as Tech is ready to focus more on the services of the Major firm’s Microsoft teams, stated by the news agency. Roots Friday, 28 February.

According to the news agency report, the company is ready to stop offering Skype services on May 5, 2025. Skype is software that connects millions of people around the world through the Internet.

“We are honored to be part of the journey,” Microsoft said on Friday, cited the news agency. The Big Tech firm also explains how Skype is integral to shape modern communication.

Skype

Skype was established in the year 2003 and was going to transfer people from telephone to internet using audio and video calls for an industry. The company soon became a domestic name as millions of users from all over the world started shifting to the new interface.

Skype is a free-for-user service that helps to connect people. However, the platform has some premium features that help people and even help companies bring their entire work together on one platform.

According to the agency’s report, the forum has recently faced hard competition from industries such as zoom and salesforce slacks and is struggling to live with them.

The report also states that the collapse of Skype is to an extent, due to the underlying technology behind the platform, which is not suitable for the smartphone era.

Microsoft aggressively integrated teams with other office apps, which aims to attract corporate users during global epidemic, resulting in the agency’s report, a meal in the market share of Skype.

What should Skyper users do?

To help users reduce infections, Microsoft said that users will be able to log in to Microsoft teams for free on any supported device using their existing Skype credentials. According to the agency report, chat and contracts between two platforms will be automatically migrated.

According to the report, Microsoft’s Skype Step is the biggest step since web browser internet explorer and phone band Windows Phone.

The Big Tech firm has refused to share the latest total user figures and also said that this shutdown will not cause job cuts. According to the agency report, Microsoft teams have about 320 million monthly active users.

Microsoft bought Skype for $ 8.5 billion in 2011 after defeating Google and Facebook in a bidding round. Skype had about 150 million monthly users, but by 2020, the number fell to 23 million.

Microsoft’s shares fell into the Wall Street Open on Friday, 28 February. Shares recovered from initial trading climb, currently at $ 0.14 percent at 10:55 pm (EST) at $ 392, compared to $ 392.53 in the previous stock market.