Skype anaylsis Research Paper Example | Topics and Well Written Essays - 2000 words

Skype anaylsis - Research Paper Example Over the year, the company has experienced rapid growth with a substantial increase in the number of customers each year. While most of the services are free, the company requires customers pay for land line and mobile calls through the Skype credit card. The company leverages on the current technological development to push its product to the customers. In the era of technological revolution, communication has become an important aspect of the globalized population. The public intends to stay in contact no matter their large geographical separation. As a result, Skype creates the link to sustain communication within the world by providing an online communication platform. Since its foundation, the company has become a hot product within the market. Two years after its release, eBay announced its willingness to acquire it for $2.5 billion with other potential performance-based consideration. In 2009, eBay announced its intention to sell 65% of its Skype shares to Silver Lake for $1.9 billion (Curwen 11-23). Later in 2011Microsoft acquired Skype Communications for $8.5 billion. Microsoft established Skype as one of its division replacing the old Microsoft Live messenger. Today, the application has over 60 million users being one of th e highest preferred communication website. The Skype division is a company that now delivers all its surfaces online to the international market. Users can download applications in their hardware to acquire the platform to communicate. The company provides a wide range of service from messaging, voice and video transfer services. The company’s business model is different to other social media sites such as Facebook and WhatsApp that are that are majorly used in social communication (Curwen 11-23). Skype has become a favorable communication tool within the business environment due to its ability to support telecommunication services. However, there is evidence that the company is still facing competition within