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Mark Zuckerberg Criticizes Apple’s Burdening New App Store Regulations

By Harrington Maury Share with new partner:   Share
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During Apple’s analyst call, Meta CEO Mark Zuckerberg weighed in on the tech giant’s response to the EU Digital Markets Act (DMA), echoing the concerns of other major app developers. 

The DMA requires Apple to permit access to alternative app stores and payment platforms, but according to Zuckerberg, Apple’s implementation of this requirement makes it highly unlikely for developers to opt for these alternatives.

Zuckerberg emphasized the burdensome character of Apple’s stipulations, suggesting that they undermine the intended objectives of the EU regulation by deviating from its original purpose.

He criticized Apple’s strategy, saying, “I don’t think that the Apple thing is going to make any difference for us because I think that the way that they’ve implemented it, I would be very surprised if any developer chose to go into the alternative App Stores that they have.”

Meanwhile, Meta, formerly known as Facebook, celebrated impressive financial results during its Q4 earnings call. 

Zuckerberg’s Ordeal in US Senate Inquiry

mark-zuckerberg-criticizes-apple's-burdening-new-app-store-regulations
During Apple’s analyst call, Meta CEO Mark Zuckerberg weighed in on the tech giant’s response to the EU Digital Markets Act (DMA), echoing the concerns of other major app developers.

The company reported a remarkable 200% increase in profits year-on-year, prompting Meta to issue its first-ever dividend and announce a substantial $50 billion increase in its share buyback program. These positive financial outcomes propelled Meta’s share price by 16%, pushing its market cap over the $1 trillion mark for the first time.

Analysts interpreted Meta’s financial success as a testament to its commitment to shareholder value and a significant shift in perception within the metaverse and AI sectors. 

Nigel Green, an analyst at deVere Group, highlighted the impact of Meta’s confidence in its metaverse and AI ventures on investor sentiment, transforming skepticism into optimism.

However, Zuckerberg’s triumphs were overshadowed by a recent US Senate hearing on Big Tech’s role in facilitating child abuse. Zuckerberg faced public humiliation and criticism during the hearing, with senators engaging in grandstanding instead of addressing substantial issues. 

Despite Meta’s financial achievements, the hearing highlighted the ongoing challenges faced by tech leaders in navigating complex regulatory and societal concerns.

Harrington Maury

I'm Harrington Maury, and I've been plunging into the fascinating field of news writing in the dynamic digital website sector for the past 5 years. I've had the pleasure of writing captivating posts that enlighten and engage people from all over the internet while armed with a keyboard and a passion for storytelling.

My expertise has helped me to navigate the ever-changing environment of web journalism, from breaking news to in-depth stories. I've polished my talents in writing short, compelling essays that not only offer information but also engage readers on a deeper level. I've accepted the challenge of keeping up with the fast-paced nature of the digital world, whether it's reporting on the newest trends, covering current events, or investigating thought-provoking issues.

I want to create an immersive experience for readers, creating vivid pictures with words and leaving them with a greater comprehension of the stories at hand, rather than merely delivering facts. With a sharp eye for detail and a dedication to accuracy, I've built a reputation for generating dependable and high-quality material that is appealing to audiences.

As a journalist, I am aware of the power of words and the responsibility that comes with them. I believe in the value of objective reporting while also appreciating the opportunities for creativity and innovation that internet platforms provide. My objective with each piece is to make a lasting impression, ignite conversations, and inspire readers to see the world in new ways.

So, whether it's deconstructing the newest headlines, throwing light on untold stories, or unearthing hidden treasures, I'm here to deliver the news you need in an interesting and thought-provoking manner. Let's go on this journalistic adventure together!

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