Elon Musk intends to take a stand and seeks a dialog with Tim Cook over the tech giant’s revenue-sharing arrangement with the microblogging web site, whereas the Dogecoin DOGE/USD co-creator provides gasoline to the hearth, urging Apple Inc. AAPL CEO to share the wealth with creators on Twitter, now rebranded as “X.”
What Occurred: On Wednesday, Musk shared his intention to talk to Apple CEO concerning the implications of the tech giant’s current 30% revenue-sharing policy. The tech billionaire stated he would speak with Cook about presumably adjusting the price to 30% of what “X” retains.
The transfer goals to maximise “what creators obtain” on the platform.
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Dogecoin co-creator Billy Markus, also referred to as Shibetoshi Nakamoto on “X,” joined the dialog and urged Cook to share extra wealth with creators, saying Apple has loads of cash that the corporate can share with creators.
Musk additional stated that whereas the microblogging web site had initially stated they’d hold nothing for the primary 12 months and solely 10% after that interval, they now promise to maintain no share till payouts transcend $100,000. After that additionally, they’ll take 10%.
In response to a different publish, Musk additionally revealed {that a} new function is on the horizon, permitting creators to regulate the worth of paid subscriptions.
Why It’s Vital: There was a longstanding conflict regarding the 30% fee Cupertino levies from corporations to promote their services on the App Retailer and the regulations it imposes on such apps.
Based on Apple, its fee system safeguards customers towards fraudulent actions, thereby guaranteeing the App Retailer is a safe platform to be used.
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