Connect with us

Business

Apple has been charged for the way it runs its App Store

Apple has been charged with breaking EU competition rules over the way it runs its App Store. European Commission antitrust regulator Margrethe Vestager tweeted that "consumers are losing out".

It relates to charges brought two years back by music streaming app Spotify which claimed that Apple was smothering advancement in that industry. Apple faces a huge fine and might be constrained to change its policies if its contentions don't convince regulators.

Already it has denied any wrong-doing. The case is looking particularly at how its App Store arrangements influence music streaming.

The charge was at first filed in 2019 by the co-founder of Spotify Daniel Ek, who said that Apple was "limiting choice and stifling innovation" In reaction, Apple said it did not get any commission on 99% of Spotify's subscribers.

Business Credit Guide

Build A Business Website

Establish Business Credit

Access Business Funding

    We respect your privacy. Unsubscribe at any time.

    Apply Now. Hodler Capital Group will build your business website. We will show you how to establish business credit and access business financing with one on one support. Contact us now and start building your business for the future.


    Advertisement

    Must See

    More in Business