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Read previewIf you were scanning headlines yesterday you might have seen something about the Supreme Court forcing Apple to open up its powerful App Store. What yesterday's court decision — and, crucially Apple's response to the decision — means is that Apple's control over its powerful and very profitable App Store remains 100% intact. In 2020, Epic argued that Apple's control of its App Store — and, crucially, the way developers like Epic had to use Apple's App Store to sell "in-app" items like power-ups and other digital goods — was a monopoly. Apple's App Store prints money. In 2021, a US judge announced that games represent 70% of Apple's App Store topline.
Persons: , Apple, Tim Sweeney, Fortnite — Organizations: Service, Apple, Business, Epic Games, Epic, Big Tech, Meta, Google, European Union, Spotify Locations: EU
Tim Sweeney on Tuesday mocked the notion that the metaverse is dead. But Sweeney is a long-term supporter of the Metaverse, putting in some serious money into the platform. Tim Sweeney, the billionaire CEO of Epic Games, doesn't think the metaverse is dead. After all, Epic Games — developer of Fortnite — is putting serious money into the metaverse. Moreover, Meta's still trying to convince users that the metaverse is alive and kicking and could potentially be lucrative.
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