Skype was in prime position to be the best way to have free voice and video-calls between iOS and Android phones and the wider Internet (seeming as FaceTime is Apple-exclusive and Hangouts seems unpopular) - I don’t know what happened but WhatsApp ate Skype’s lunch and got bought by FB and the rest is history.
Skype on my iPhone X is just painful. I use it to make cheap PSTN calls when I’m abroad and simple things like switching to Speakerphone mode takes 2-3 seconds and involves opening the iOS audio output list (which has an animated opening for some reason) instead of every other app which has a single speaker button. This is but one example, of course.
They could have bought Slack, but they competed with MS Teams instead - but doing-so awfully because they still don’t have multi-tenant support in the client. Thing is - I can’t say that competing with Microsoft has made Slack any better (case-in-point: last month’s always-on WYSIWYG editor debacle).