EBay's Skype Bubble Bursts

The shakeup and $1.43 billion charge confirm eBay's irrational exuberance as well as Skype's struggling Web-calling business model

When eBay (EBAY) bought Skype Technologies for $2.6 billion in late 2005, few could fathom why the online auction company saw so much in a money-losing Internet phone service. Two years later, eBay is admitting it made a mistake.

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