All your friends are on Facebook, so you don't have to search/find them on Skype. N-to-N video communication is now much easier. Default will be to use FB rather than the Skype client, especially once they add voice calls, conference calls, and group video chat.
Skype and Facebook are very close to each other.
Skype powers Facebook video chat and you can use FB in the Skype client. Also Skype is owned by Microsoft, arguably Facebook's biggest ally.
My family and I have had more success with Facebook Messenger's video chat than with Skype: the people we want to talk to (grandparents, aunts, etc) are already on Facebook, and the only trouble is that you have to determine whether to accept on your phone or your computer.
Facebook still requires downloading a plugin to use video chat, so it has the same barrier to entry. I don't see being able to video chat from within my facebook.com window instead of in my Skype.app window as being a huge advantage.
Case in point: I told my younger sister about Facebook's announcement today, and she didn't really care since she already had Skype to video chat with her friends. Then I told her about Google+'s Hangout feature and her eyes lit up.
Video chatting is no longer a killer feature, but group video chatting is as long as Skype maintains premium pricing for group chats.
There is one thing that Skype is particularly good at that other VoIP/messaging clients aren't: talking to users who have Skype accounts. Your question is little different than suggesting there are many alternative social networks to Facebook, so why don't people just use those instead?
At first I wasn't sure how Skype played into FB's strategy but I guess it makes sense. Skype would come with a plethora of talent, which facebook is known to spend money for. Also, the Skype technology would allow FB to fill out the video communication side of things that they have yet to tap.
Then it's good enough. Facebook is bigger than Skype and you can have a chat/VOIP call with anyone on Facebook, even if they're not your friend. Then there's Google hangouts as well. Slack is meant for teams. Gamers use Discord.
I do understand your reasoning and logic behind your belief. If you were to ask someone now: "What application do you use to video chat with?" the answer is most likely going to sway heavy to Skype. If you ask that question in 3 to 9 months time and that answer has not changed, then Skype will be just fine.
Personally, I don't like the idea of video chatting through Facebook. I use skype exclusively to video chat because its what I am accustomed too, it's the application I trust. Trust being the keyword there because I do not trust Facebook.
If Skype was part of a Microsoft social network, yes. Would you say you are inactive on Facebook if you use Facebook chat with colleagues? Facebook video conferencing?
A big reason why Skype wasn't big on MySpace was that it wasn't seamless to use -- at least from my vague recollection didn't it require users to download MySpaceIM? That alone makes it a non-starter for a lot of people.
The other issue is that MySpace never reached this critical mass of users that Facebook has. I can see video chat being about Facebook, more than Skype over the next year. "Get on Facebook so we can video chat".
Lastly, broadband penetration and bandwidth is that much better since 2007.
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