TECH - Spotify CEO Slams Apple's 'Alternative App Store' Fee Says It Will Increase Customer Acquisition Costs Ten Fold: 'New Low Even For Them' | Benzinga
Spotify Technology SA (NYSE:SPOT) has leveled accusations against Apple Inc. (NASDAQ:AAPL) for allegedly subverting the goals of the European Union's Digital Markets Act (DMA) through its proposed "Alternative App Store" changes.
What Happened: Spotify has been calling on the European Commission to take action against Apple for the past five years, raising concerns about competition and innovation. The enactment of the DMA was seen as a positive step by Spotify, as it believed that Apple would be forced to adhere to the new regulations.
However, Spotify now claims that Apple’s recent actions show a lack of respect for the rules. It has called Apple's plan a “complete and total farce."
"While Apple has behaved badly for years, what they did yesterday represents a new low, even for them," Spotify co-founder and CEO Daniel Ek said in a post on X.
After sitting with our legal team to parse through the fine print of Apple's DMA announcement (that ...