Y Combinator Founder Raises Concerns Over Apple's Actions Against Epic Games
Tuesday, 12 March 2024, 18:00
Apple's Market Dominance
Apple Inc. is the second most valuable company in the world, approaching a $3 trillion market capitalization.
Massive Data Control
Roughly 64% of Americans own an Apple product, giving the company immense data and control over millions of users.
Gatekeeper to Businesses
- Apple serves as a gatekeeper for businesses on its platform, wielding significant influence over global enterprises.
- The company's 30% fee on transactions impacts businesses worldwide, raising concerns over its control.
Y Combinator founder Paul Graham underscores the need to address Apple's power in regulating businesses and calls for greater transparency in its actions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.