Apple Music Has a New Antitrust Risk [The Motley Fool]
Apple Inc. (AAPL)
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Source: The Motley Fool
The European Commission has opened a new investigation into the Mac maker's proposed acquisition of Shazam. Evan Niu, CFA ( TMFNewCow ) Apr 23, 2018 at 3:24PM Spotify Technology ( NYSE:SPOT ) has been arguing for years that Apple ( NASDAQ:AAPL ) undermines competition with its App Store, and the 30% cut that third-party developers must fork over to sell through the platform makes it hard for rivals to compete on a level playing field. In order to skirt the fees, Spotify does not offer in-app subscriptions to its premium music streaming service, urging customers to sign up outside of the App Store. The Swedish company has filed official complaints with antitrust regulators around the world, including as recently as December . The European Commission has just announced that it is opened an in-depth investigation into Apple, but this time the
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