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Technology

Musk to speak to Apple boss about adjusting the Apple tax

Trevor MoggBy Trevor MoggAugust 3, 2023No Comments2 Mins Read

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Elon Musk has mentioned he’s going to have a phrase with Apple boss Tim Prepare dinner about “adjusting” the 30% payment that Apple takes from in-app purchases made through its App Retailer.

Musk, CEO of Twitter (now X), said in a tweet on Wednesday that altering the best way that it’s charged would maximize the quantity that creators on Twitter would obtain when followers subscribe to their unique content material.

Particularly, he mentioned he’d desire it if Apple took 30% of the subscription payment that Twitter holds onto, somewhat than 30% of the whole subscription value.

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When you can afford it, please subscribe to as many creators on this platform as you discover attention-grabbing.

Individuals from each nook of the world put up unimaginable content material on 𝕏, however typically stay in robust circumstances, the place even a number of hundred…

— Elon Musk (@elonmusk) August 2, 2023

It’s not the primary time that Musk has made his emotions recognized about Apple’s 30% payment. In November final 12 months, shortly after buying Twitter in a deal price $44 billion, Musk tweeted that “app retailer charges are clearly too excessive as a result of iOS/Android duopoly,” including: “It’s a hidden 30% tax on the web.”

Prepare dinner ended up inviting Musk to Apple’s headquarters in Cupertino to debate this and a lot of different issues, and regardless of having what Musk described as a “good dialog,” Apple’s 30% payment stayed nicely and actually in place.

That’s why few individuals count on Apple to alter its place this time round, in spite of everything, the tech big hardly has a repute for flexibility in the case of its App Retailer charges.

In the identical tweet on Wednesday wherein Musk talked about that he’ll be contacting Prepare dinner, he additionally laid out an up to date algorithm relating to monetization for Twitter creator accounts, which additionally obtain a portion of advert income.

“Whereas we had beforehand mentioned that X would hold nothing for the 12 months, then 10%, we’re amending that coverage to X retains nothing ceaselessly, till payout exceeds $100k, then 10%,” he wrote, including that Twitter won’t take a minimize of any income made within the first 12 months.

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Trevor Mogg

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