🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Apple threatened to withhold Twitter from App Store says Musk

Published 11/29/2022, 06:02 AM
© Reuters.
AAPL
-
TSLA
-

By Sam Boughedda

Elon Musk said in a series of tweets on Monday that Apple Inc (NASDAQ:AAPL) threatened to withhold Twitter from its App Store without providing a reason why.

The Twitter owner and Tesla Inc (NASDAQ:TSLA)CEO tweeted: "Apple has also threatened to withhold Twitter from its App Store, but won't tell us why."

In other tweets, Musk revealed that Apple has "mostly stopped advertising on Twitter," asking followers if "they hate free speech in America?" He tagged Apple CEO Tim Cook below that tweet and also replied to a follower regarding free speech, stating: "Secret suppression of free speech by Apple. Customers were never told. What the hell is going on here?"

Removing the Twitter app from Apple's app store would mean Twitter loses one of its primary distribution platforms.

Musk also took aim at Apple App Store fees, labeling them a "secret tax" and then running a poll asking if "Apple should publish all censorship actions it has taken that affect its customers." So far, the votes are 85.7% yes.

Apple charges iPhone app makers between 15% and 30% of any digital goods sold through their apps, and with Musk introducing the Twitter Blue subscription, which is also offered through the iPhone app, it could mean the social media giant has to pay a significant amount to Apple depending on the success of the subscription service with Apple users.

Tech giant Apple's share price declined 2.6% to $144.22 during Monday's session.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.