Skype CEO reiterates has eBay's full support

Skype logoThe chief executive of Internet calling company Skype reiterated Monday that his unit enjoyed the full support of parent firm eBay and expressed optimism about the company's potential. "(EBay chief executive John Donahoe) is extremely supportive of Skype," Josh Silverman, who became chief executive of Skype in March, said during a press event on the sidelines of an OECD ministerial meeting on the Internet economy.

"And who wouldn't be? It's one of the fastest growing companies in human history," Silverman added. In April, Silverman brushed off a Financial Times report that eBay would think about selling Skype at the end of the year if it could not find ways to make the service aid its main online auction business. The company had intended for the Skype acquisition to bolster its business through call-billing payment tie-ins between Skype and eBay's PayPal online payments service, but the union has not lived up to expectations.

Skype and PayPal are two of eBay's biggest divisions, but while PayPal has steadily contributed to earnings growth, eBay took a $1.4 billion write-down off Skype's $4.3 billion price tag last year, to reflect problems in making money from largely free Internet voice communications.

Silverman added that Skype - which changed the way many people make calls and whose name became a byword for Internet telephony -- was profitable. "We announced that the first quarter results were the fifth consecutive quarter of profitability," Silverman said. "Our challenge today is not to earn the highest profit margin at Skype, it's to be able to invest fast enough to realize full potential," he added.

Tags: eBay, Skype

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Galaxy Note10 really is built around a 6.7-inch display
You may still be able to download your content
Facebook, Messenger and Instagram are all going away
Minimize apps to a floating, always-on-top bubble
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
The 2001 operating system has reached its lowest share level
The entire TSMC 5nm design infrastructure is available now from TSMC
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (16)