As non-executive chairman of Skype, he will serve mostly in an advisory role, Durzy said. Zennstrom decided to step down as CEO of his own accord in order to focus on other projects. The Skype management changes aren't due to the unit's financial performance, said eBay spokesman Hani Durzy. In August, Skype suffered a widely publicized and embarrassing outage that lasted about two days and left millions of users fuming worldwide and many openly questioning the stability of Skype's technical platform. However, eBay CEO and President Meg Whitman, discussing the second quarter's financial results in a conference call in July, said that, despite its revenue and user growth, Skype hasn't achieved the desired level of "user activity." Meanwhile, registered user accounts grew 94 percent to 220 million. In the second quarter, ended June 30, Skype's net revenue hit $90 million, up 103 percent compared with the same quarter in 2006.
EBay acquired Skype, a provider of Internet telephony services, in October 2005 for approximately $2.6 billion, plus an optional amount dependent on the achievement of certain goals.įrom the start, many have questioned the logic behind the acquisition, suggesting that eBay would have a difficult time recouping its investment and leveraging Skype to boost interactions eBay among buyers and sellers.
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