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WSJ What’s News

Big Tech Companies Take Aim at Apple’s App Store

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 21 March 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

A.M. Edition for March 21. Apple faces fresh legal challenges as Meta, Microsoft, X, Spotify and Match protest its new App Store policies. Plus, Donald Trump is in line for a $3.5 billion windfall from his stake in Truth Social. And our chief economics commentator Greg Ip explains how President Biden and Donald Trump have used the powers of the presidency to influence private businesses. Peter Granitz hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know you can listen to this show ad free on Amazon Music included with your Prime membership?

0:06.0

To start listening, download the Amazon Music App for free and catch up on the latest episodes without the ads.

0:13.0

Apple faces fresh legal challenges as five tech companies file suit over its app store.

0:23.6

Plus, Speaker the House Mike Johnson says,

0:25.6

enough's enough to dissident Republicans

0:28.0

and plans to rely on Democrats to avoid a government shutdown.

0:32.0

In state capitalism, what is it and why do American

0:34.8

presidents love it so much? The government doesn't actually go out and buy

0:37.6

companies or order them around, but it sort of intervenes regularly and says, hey

0:41.6

businesses, this is what we think is the national interest, this is what you should be doing.

0:45.0

It's Thursday, March 21st.

0:47.0

I'm Peter Granitz for the Wall Street Journal,

0:49.0

filling in for Luke Vargas,

0:50.0

and here's the AM edition of What's News,

0:52.0

the top headlines and business stories moving your world today.

0:55.0

Meta platforms, Microsoft X, Spotify, and Match Group have filed legal petitions protesting Apple's App Store policies.

1:05.7

The five companies are objecting to how the Tech Giant has complied with a federal court ruling

1:10.5

that ordered Apple to allow alternative payment methods.

1:14.3

Apple charges up to a 30% commission for purchases in the App Store for services or

1:18.9

one-time fees, a rate that developers say is too high, which Apple has defended saying it invests in privacy and security measures that protect users.

1:28.0

Sam Schechner is the journal's European tech reporter.

1:31.0

These rivals are going to continue trying to fight to force the maker of iPhones to loosen its

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