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Tech Brew Ride Home

Wed. 10/26 – Meta Calls Apple On Its "Rentier Capitalism"

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, News, Tech News

4.71K Ratings

🗓️ 26 October 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Meta and Spotify both call Apple out on their recent App Store aggressiveness. Soft earnings from Microsoft and worrying earnings from Alphabet. Twitter seems to already be hemorrhaging its power users. LinkedIn fights its own bot war. And are unicorns back to becoming a rare thing? Sponsors: Akamai.com Links: Apple’s new App Store tax on ads is a direct shot at Meta (The Verge) Spotify says Apple is ‘choking competition’ and ruining its audiobook store (The Verge) Spotify Boosts Subscribers and Revenue, Says 2023 Price Increases Likely (WSJ) Microsoft Plunges on Forecast for Lackluster Azure Growth (Bloomberg) Twitter Asks: Where Have All the Tweeters Gone? (Gizmodo) Alphabet misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4 (CNBC) Intel unit Mobileye prices IPO above range to raise $861 mln (Reuters) Developers Complain About Gambling Ads Appearing in Their App Store Listings (MacRumors) First on CNN: LinkedIn knows there are fake accounts on its site. Now it wants to help users spot them (CNN Business) The billion-dollar tech unicorn is becoming rare again (The Washington Post) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Wednesday, October 26, 2022. I'm Brian McCullough today.

0:09.0

Meta and Spotify both call Apple out on their recent App Store aggressiveness, soft earnings from

0:14.8

Microsoft and worrying earnings from Alphabet. Twitter seems to be already

0:19.2

hemorrhaging its power users. LinkedIn fights its own bot war,

0:23.4

and are unicorns back to becoming a rare thing.

0:26.7

Here's what you miss today in the world of tech.

0:29.4

Remember how yesterday I told you Apple has decided to expand its App Store

0:37.2

Vig into other people's advertising products by specifically requiring in-app

0:42.0

purchases for social media booths.

0:45.0

Well, Meta has responded, quoting the verge.

0:48.5

Company spokesperson Tom Chanick sent the verge the following statement, quote,

0:52.4

Apple continues to evolve its policies

0:54.1

to grow their own business while undercutting others in the digital economy.

0:57.5

Apple previously said it didn't take a share of developer advertising revenue and

1:01.4

now apparently changed its mind.

1:03.5

We remain committed to offering small businesses simple ways to run ads and grow their businesses

1:08.3

on our apps."

1:10.8

Paying to Boost Post is a common feature across not just meta's apps but other

1:15.2

social apps like Twitter and Tik-Tock. The difference for Facebook and

1:18.5

Instagram is that they currently don't use Apple's in-app purchase system for boosting posts.

1:24.0

Well, Twitter, Tik-Tock and others do.

1:26.0

I'm told that several years ago, Apple pressured Facebook to start routing these boosted post payments

...

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