CURRENT AFFAIRS

Detailed explanation-1: -The Skype software was created by Estonians Ahti Heinla, Priit Kasesalu, Jaan Tallinn, and Toivo Annus. Friis and Annus are credited with the idea of reducing the cost of voice calls by using a P2P protocol like that of Kazaa.

Detailed explanation-2: -Luxembourg-based Skype Technologies, founded by Niklas Zennström of Sweden and Janus Friis of Denmark, first introduced the software client in 2003. The number of registered users of Skype was about 50 million in 2005 and increased more than 10-fold to more than 600 million just five years later.

Detailed explanation-3: -Founded in 2003 and headquartered in Luxembourg, Skype is a division of Microsoft Corp.

Detailed explanation-4: -In 2006 video calling service is born, with Skype among the pioneering platforms. As of 2006, the service is still a PC-only phenomenon. In 2007 Skype generated $382 million in revenues and claimed to have 276 million users.