FILE - This photo shows the icon for Microsoft's Skype app on a smartphone in New York, April 9, 2016. (AP Photo/Patrick Sison, File)
REDMOND, Wash. (AP) — Microsoft is closing down Skype, the video-calling service it bought for $8.5 billion in 2011.
The tech giant said Friday it will retire Skype in May and shift some of its services to Microsoft Teams, its flagship videoconferencing platform. Skype users will be able to use their existing accounts to log into Teams.
Microsoft has for years prioritized Teams over Skype and the decision to fold the brand is part of a broader shift in how people communicate online.
Founded in 2003 by a group of engineers in Tallinn, Estonia, Skype was a pioneer in making telephone calls using the internet instead of landlines. It added video calls after online retailer eBay bought the service in 2005.
By 2011, when Microsoft bought it from eBay, Skype had about 170 million users worldwide, then-Microsoft CEO Steve Ballmer said in an event announcing the planned merger.
“The Skype brand has become a verb, nearly synonymous with video and voice communications,” Ballmer said.
Skype was still considered high-tech in 2017 when recently inaugurated President Donald Trump’s administration used it to field questions from journalists far from the White House press briefing room.
With concerns about misinformation spreading online, European Union officials want to more closely regulate artificial intelligence, and they're asking the world's biggest tech companies for help.
Sens. Elizabeth Warren, Ron Wyden, Ed Markey, and Mazie Hirono sent a letter to top officials at Twitter expressing their concerns over the platform's privacy policy.
The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC.
Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter's ability to popularize new-fangled devices after others failed to capture the public's imagination.
Customers of Venmo, PayPal and CashApp should not store their money with these apps for the long term because the funds might not be safe during a crisis, the Consumer Financial Protection Bureau warned on Thursday.
