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Skype technologies problems today6/11/2023 ![]() Up until October 2005 the service attracted 54 million users and it was sold to EBay for $2.6 billion. The first version of the software was released in August 2003. ![]() The company offered an alternative to traditional telephones by offering a free service that enabled Internet users to use their computers for voice communication. ![]() One of such companies was Skype, founded in 2002 by Niklas Zennstrom and Janus Friis. However, the following period of prevailing investor pessimism and maturing technologies was the breeding ground for some of the fastest-growing entrepreneurial ventures in history. The bursting of the Internet stock market bubble in March 2000 grounded the high-flying dreams of new economy ventures based on Internet technologies. The rapid technological development during the late 1990s triggered an especially intriguing period in entrepreneurial history as prevailing investor optimism fuelled the growth of internet ventures at an unprecedented pace. Rok Stritar and Mateja Drnovsek INTRODUCTION The ability of entrepreneurs to identify opportunities and develop new ventures intrigues researchers from the very beginning of entrepreneurship as a scientific discipline (Kirzner, 1979 Schumpeter, 1934).
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