User:Matthuxtable/sandbox/Skype Technologies S.A.

Foundation
Skype was founded in 2003 by Niklas Zennstrom and Janus Friis, who's main intention was to develop a piece of software which would revolutionise telephone calls. Allowing users to speak to each other via computers promotes the use of the Voice over Internet protocol and the use of computers in the technologically advancing world. Users are able to talk for free, an incentive to future and present members.

Take over by eBay
The auction site eBay began talks with Skype in September 2005. On 12th September 2005, it was announced that eBay would purchase Skype in a deal worth approximately USD$2.6bn, in up-front cash and eBay stock. The transfer of ownership began and eBay officially acquired Skype on 14th October 2005.

However, analysts were not impressed with eBay's move, saying: "I don't see a lot of point to eBay buying Skype", or "If eBay were to make this sort of move it would basically be admitting that 'our core market is decelerating". At the time, eBay had been purchasing many companies in moves to boost it's market position and increase it's annual revenue. However, eBay stated that their intention was to implement Skype into their auction website to allow buyers and sellers to speak prior to bidding and to create a powerful internet environment. Speaking in 2005, eBay chief-executive Meg Whitman said: "Communications is at the heart of e-commerce and community".

Products

 * Main Article: Skype

Skype Technologies released their first product, Skype, originally as a simple computer-to-computer program. Support for paid services such as SkypeOut, SkypeIn and receiving voicemail messages allows the company to generate its revenue as well as making local and international telephone calls easier to perform via your computer, sometimes cheaper than other company's rates for similar services.

Criticisms
Skype is closed source and has their own proprietary protocols. The success of GSM for instance, is due in part to the universally accepted and open source of that protocol. Currently, VoIP is a booming market and having a universal protocol is favourable. Opponents to Skype would rather see SIP, an open source protocol, be implemented instead of Skype's homegrown protocol.