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Meta CEO Mark Zuckerberg said Apple’s App Store presents a conflict of interest, adding his voice to a wave of criticism of the iPhone maker’s software policies. “It’s hard for one company to be able to control the app experiences that end up on a device,” Zuckerberg said Wednesday in an interview at the New York Times DealBook conference. “The vast majority of profits in the mobile ecosystem go to Apple,” he added.
App Store policies and fees applied by appleAnd to a lesser extent The Google parents the alphabet, has long been a point of contention for tech companies looking to reach broad audiences from mobile devices. Billionair Elon Musk He was added to the chorus after he received his Twittersending out a flurry of tweets this week denouncing Apple’s fees and restrictions on what apps can be sold.
Zuckerberg echoed some of Musk’s points. He called Apple’s app content moderation rules a “conflict of interest” because they are often directed at competitors. It makes Apple “not just a ruler looking out for people’s interests.” Revenue at Meta, which owns the social network Facebook And the Instagramhas taken a hit since Apple tightened its privacy policies to restrict how users can be tracked and targeted with ads.
Although Zuckerberg appeared to support his objection to Apple’s policies, Musk on Wednesday walked back some of his criticisms of Iphone maker, saying he met with the CEO Tim Cook at corporate headquarters and had a “good conversation” that resolved a “misunderstanding” about Twitter’s place in the App Store.
As for Musk’s approach to managing Twitter, Zuckerberg hedged his comments — he said he believes some approaches will work and others won’t. “I think it will be very interesting to see how that plays out,” he said.
on whether meta Former US President Donald Trump would be allowed to return to Facebook. Zuckerberg did not respond, but pointed to advance guidance the company obtained from an external oversight board, reflecting on difficult content decisions. Mita is expected to make a decision in January.
Wall Street has become increasingly bearish on Meta’s investment in the money-losing virtual reality business amid slowing advertising revenue. Earlier this month, Zuckerberg said the company would cut more than 11,000 jobs, and take personal responsibility for decisions that led to the need to cut costs. In April, Meta reported its first-ever quarterly decline.
The interview began Wednesday with a recorded conversation between Zuckerberg and the director as avatars in the immersive digital world the company calls the metaverse. However, Zuckerberg said the idea that Meta is focused entirely on the metaverse is “fundamentally wrong.” He said that the WhatsApp messenger will be his next major monetization target, as this platform is “largely underutilized”.
He pointed to the progress of Reels, the company’s short-form video feature, saying that by some estimates it has half of the viral video-sharing app’s traffic. Tik Tok outside of china.
Zuckerberg also raised the issue of ownership of TikTok by its headquarters in Beijing Byte Dance, adding that there are “real questions” about the Chinese government’s influence on TikTok. “In a lot of countries, all the data goes to the government,” said the CEO.
© Bloomberg LP 2022
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