Pour out a little liquor. Microsoft has announced that Skype, the popular video-calling app of the early 2010s, will finally be laid to rest on May 5 . Microsoft acquired the app in 2011 for a staggering $8.5 billion—some 40 percent higher than its internal valuation and the largest acquisition by Microsoft at the time. Some quick math by WIRED editor Jeremy White worked out that’s a cost to the company of around $1.6 million per day since its acquisition, and it’s hard to believe such a heavy investment has really paid off. There were good days though. In […]
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