Starting in March, Spotify users in Europe can now purchase audiobooks and subscription plans directly within the app, avoiding Apple’s 30% fee for in-app purchases through its App Store. This move comes after the implementation of a new competition law for Big Tech in the region.
– Spotify’s U.S.-listed shares increased by 2% following the announcement.
– The new Digital Markets Act (DMA) requires major tech firms to comply, a significant win for Spotify and its users.
– Apple is planning to challenge the decision and is facing a collective lawsuit from over 1,500 app developers.
– Mark Zuckerberg, CEO of Meta Platforms, has also criticized Apple’s App Store policies and fee structure.
– Overall, this highlights the ongoing tensions and competition dynamics within the tech industry.
– Get ready for an enhanced experience on Spotify starting in March.