Skype's Downfall: A Decade of Decline
Skype's issues began a decade ago, when Microsoft effectively killed off the popular VoIP service after acquiring it for $8.5 billion in 2011. Despite being one of the pioneering VoIP services, Skype has struggled to maintain its relevance in the face of rising competition from Google and Apple's mobile dominance. Today, Skype is largely forgotten, relegated to a relic of an era before the widespread adoption of mobile devices.
- The decline of Skype serves as a cautionary tale for companies that underestimate the power of disruption and fail to adapt to changing market trends.
- How can we learn from Skype's mistakes and apply those lessons to the modern era of tech giants struggling with relevance in the face of emerging competitors?