(CMR) After more than 25 years, Microsoft is saying goodbye to Internet Explorer as of Wednesday, 15 June. Users will now need to switch to Microsoft Edge.
“Not only is Microsoft Edge a faster, more secure, and more modern browsing experience than Internet Explorer, but it is also able to address a key concern: compatibility for older, legacy websites and applications,” the company said.
Bill Gates and Paul Allen founded Microsoft in 1975 out of Albuquerque, New Mexico. From there, they relocated to Washington State and in 1986, Microsoft went public, selling for about $21 a share. That price quickly rose to $35.50 a share; by the end of the day, about 2.5 million shares were sold.
Gates, then 30, “sold $1.6 million in shares and retained a 45 percent stake worth $350 million. Microsoft stock climbed more than a hundredfold between 1986 and 1996,” according to Microsoft. Just one year after going public, Gates became the youngest billionaire in 1987.
Microsoft's browser will join other retired services such as the company's Hotmail and its famous desktop assistant, Clippy, the annoyingly but loveable paperclip.