Once Again, Spotify Wants Antitrust Regulators to Crack Down on Apple, Inc.
When done right, operating a platform can be an incredible business. However, it gets murky when the platform operator jumps in and competes with other companies that are building their own businesses on top of that platform. That sums up the current competition between Apple (NASDAQ: AAPL) and Spotify, as iOS has become an incredibly lucrative platform for developers and the Mac maker alike.
The controversy arises from the fact that Apple gets a cut of all subscriptions that Spotify sells through its App Store, which can conceivably be viewed as uncompetitive, as it undermines Spotify's own low-margin business. Spotify and smaller music streaming service Deezer are now seeking assistance from antitrust regulators in Europe, according to Financial Times. This isn't the first time.
Spotify CEO Daniel Ek speaking at a press conference in 2015. Image source: Spotify.
Source: Fool.com
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