Good morning. It's Saturday, March 1, and in this weekend edition, we're covering the end of a once iconic video calling platform, a heated televised exchange between world leaders, and much more. First time reading? Join over 4 million intellectually curious readers. Sign up here.
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Microsoft announced yesterday it will retire the once-popular video-calling app Skype in May and focus on its flagship Teams service. Skype was considered a pioneer in how people communicated online across borders before competition exploded from platforms like FaceTime, WhatsApp, Slack, and Zoom.
Skype was founded in 2003 by a group of Nordic engineers. The platform quickly reached 10 million users, and two years later, eBay acquired it for $2.6B. In 2009, a consortium of investors, including Andreessen Horowitz, bought a 65% stake in Skype for $1.9B, valuing the business at nearly $3B. Microsoft then bought Skype for $8.5B in 2011, the tech giant's largest acquisition at the time, to replace its Windows Live Messenger. At its peak in 2016, Skype boasted around 300 million monthly users. By 2023, the number of users had dropped to roughly 36 million.
The name "Skype" originates from "Sky peer-to-peer," which was shortened to "Skyper" and then further shortened to "Skype" because the domain name "Skyper.com" had already been taken. Listen to the history of Skype here.
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Zelenskyy clashes with Trump, Vance in White House visit.
Ukrainian President Volodymyr Zelenskyy met with President Donald Trump and Vice President JD Vance Friday to discuss a potential rare earth minerals deal. The meeting highlighted tensions over US military aid and Ukraine's sovereignty, with Zelenskyy seeking stronger security guarantees and Trump pushing for a minerals agreement as compensation for US support. The meeting turned tense as Trump and Vance berated Zelenskyy in a televised exchange; watch it here.
Trump to sign executive order making English the official US language.
The development would mark the first time in history that the US has had an official language since it was founded nearly 250 years ago. Roughly 68 million people of the country's 340 million speak a language other than English at home, according to the US Census Bureau. The US is one of five countries globally that do not have an official language.
Measles outbreak in western Texas grows to 146 infected people.
Most of the individuals are unvaccinated (79), while the rest have an unknown status. At least 20 people have been hospitalized, and one person has died so far. The outbreak is centered in Gaines County, Texas, where vaccination rates are lower than the recommended 95% threshold. See our previous write-up here.
Pope Francis suffers bronchial spasm, Vatican says in health update.
The bronchial spasm—a tightening of the muscles in the airways—caused the 88-year-old pontiff to inhale vomit. He was treated with noninvasive mechanical ventilation and is recovering. The pope has been hospitalized for two weeks now after experiencing bronchitis, which developed into pneumonia in both lungs.
The 97th Academy Awards take place tomorrow (7 pm ET, ABC and Hulu).
Spanish-language musical "Emilia Pérez" leads the pack with a record-breaking 13 nominations, followed by "The Brutalist" and "Wicked" with 10 apiece and "A Complete Unknown" and "Conclave" with eight nominations each. Comedian Conan O'Brien will host. See predictions here, and see inside the Oscars gift bag here.
Fed's preferred inflation gauge rises as expected in January.
The core personal consumption expenditures price index, which measures costs consumers pay across a wide range of items, excluding food and energy, rose 2.6% year over year and 0.3% month over month. The annualized rate is down from the upwardly revised 2.9% in December. The central bank targets 2% annual inflation.
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An 8-year-old boy helps rescue his family from a house fire in Alaska. (More)
Colorado woman donates her kidney to save a Pennsylvania man 35 years after they went to prom together. (More)
New jazz fellowship, designed to preserve the genre and its legacy, will provide 50 musicians aged 62 and older with a $100K unrestricted grant over four years. (More)
A mother goes viral for sharing tips for making her home a "hang out" spot for her son and his friends. (More)
Care home puts on a birthday rave for a 105-year-old UK woman—with strobe lights, glow sticks, and more. (More)
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Today, we're sharing a story from reader Mike M. in New Jersey.
"When I was about 13 years old, I told my father I needed some 'notebook' paper for school. He brought home a ream of paper that turned out to be 'composition' paper (no holes or red line down the left side). Like a spoiled teenager, I complained about it. My father stayed up all night using a ruler, a red ink pen, and a single hole punch, and made notebook paper out of the 500 sheets. After all these years, I still want to cry thinking about this selfless act of love."
What act(s) of kindness did you experience this week? Tell us here.
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Heard about tariffs but don't really know how they work? This week's Business & Finance newsletter takes a deep dive into the issue:
> What economic theory says about tariffs and growth.
> The murky history of Depression-era taxes on imports.
> How the world relies on the US dollar to facilitate trade.
... and much more. The newsletter comes out Thursday morning. Sign up here for free!
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