Facebook declares war on rival Apple
Facebook also intends to support the Epic Games’ lawsuit against Apple
Stocks impacted: Facebook Inc (FB), Apple Inc (AAPL)
Facebook Inc accused Apple Inc of engaging in anticompetitive practices, saying the iPhone maker's new measures on data collection and targeted ads will hurt small businesses. According to Facebook Vice President for Ads and Business Products Dan Levy, Apple is behaving anti-competitively by using their control of the App Store to benefit their bottom line at the expense of creators and small businesses. Levy also said Apple’s moves are “anticompetitive,” echoing antitrust sentiment against Big Tech. Furthermore, Facebook also intends to support the Epic Games’ lawsuit against Apple. The lawsuit accuses the iPhone maker of anticompetitive behavior after it removed Fortnite from the App Store because Epic offered a way to pay for in-app purchases that bypassed the App Store.
Make profit on it right now!