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Stock impact report

Apple Pulling High-Grossing Subscription Apps With Scammy Offers Off The App Store [Forbes]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
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Company Research Source: Forbes
John Koetsier Contributor i Opinions expressed by Forbes Contributors are their own. Consumer Tech John Koetsier is a journalist, analyst, author, and speaker. Apple is systematically combing through the App Store's subscription apps looking for potentially confusing terms of service and pulling apps that look problematic, according to multiple mobile app developers. The problem? Scammy subscription apps charging users hundreds if not thousands of dollars. I broke the story earlier this month  and TechCrunch added more fuel to the fire this week.  Many subscription apps had a large Free Trial button with tiny print beneath it detailing the subscription terms, which often totaled hundreds of dollars a year in credit-card charges. A developer contact who had a similar app received the following notification from Apple, indicating that his app was being pulled due to its subscription process. Show less Read more
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