Skype Shuts Down

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In today edition we will talk about

• Stock Market Stumbles as "Extreme Fear" Drives Volatility

• Skype Shuts Down After 20 Years as Microsoft Shifts Focus to Teams

Stock Market Stumbles as "Extreme Fear" Drives Volatility

February ended on a turbulent note for U.S. markets, with all major indexes closing in the red amid heightened volatility. CNN’s Fear and Greed Index signaled “extreme fear” as investors grappled with inflation concerns, geopolitical tensions, and uncertainty over AI sector spending. Stocks initially rallied on cooling inflation data but faltered following a tense White House exchange between former President Trump and Ukraine's President Zelensky. While the Dow surged 601 points by the close, the S&P 500 and Nasdaq still logged monthly losses, with tech stocks like Tesla plummeting 26%. Analysts attribute the Nasdaq’s struggles to inflation risks, slowing growth, and overvaluation concerns, despite Nvidia's strong earnings. Additionally, weak consumer spending and a downward revision of Q1 GDP projections raised recession fears. However, market experts suggest this volatility is seasonal, with UBS strategists maintaining a bullish outlook driven by AI investments and supportive Fed policies.

Skype Shuts Down After 20 Years as Microsoft Shifts Focus to Teams

After two decades, Microsoft is shutting down Skype, the once-dominant internet calling and video service, in May. Users can transition to Microsoft Teams’ free tier using their Skype login. Acquired by Microsoft in 2011 for $8.5 billion, Skype once revolutionized online communication but lost ground to rivals like Zoom, FaceTime, and WhatsApp. Despite a brief pandemic resurgence, Microsoft prioritized Teams, integrating it into its ecosystem. Originally launched in 2003 in Estonia, Skype became popular for free global calls but struggled to compete in a changing digital landscape. Microsoft now sees Teams as the future of online collaboration.

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