Stock Market News2 months Skype’s Demise Shows A Great Idea Can Still Loose Billions of Dollars, And Investors Need to Think About Their OpenAI Position Next 24/7 Wall St.
24/7 Wall St. : Microsoft (NASDAQ: MSFT) acquired Skype for $8 billion, but it failed to capitalize on its early lead in video communication due to a lack of a sustainable business model. Skype’s demise highlights how pioneering technology does not always translate into long-term success, as later entrants like Zoom (NASDAQ: ZM) built […]
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