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☆ Apple backs down against ‘Fortnite"-maker Epic Games amid EU investigation threat
▼ + stars: | 2024-03-08 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Apple relenting means Epic will be able to bring “Fortnite” back to iPhones in Europe, Epic said in a blog post. “Apple has told us and committed to the European Commission that they will reinstate our developer account. Apple said it reached the decision “following conversations with Epic” in which Epic committed to following Apple’s new EU-focused policies. “Epic Sweden AB has been permitted to re-sign the developer agreement and accepted into the Apple Developer Program,” Apple said in a statement. Epic CEO Tim Sweeney wrote back to Apple promising to abide by its terms, but Apple rescinded the developer account anyway.

Persons: “, Fortnite, Fortnite ”, Apple, ” Apple, Thierry Breton, Tim Sweeney, ” Organizations: CNN, Apple, European Union, European Commission, Markets, Apple Developer, EU Locations: Europe, iPhones, pushback

The overhaul rolling out Thursday only in the Europe represents the biggest changes to the iPhone's App Store since Apple introduced the concept in 2008. Among other things, people in Europe can download iPhone apps from stores that aren't operated by Apple and are getting alternative ways to pay for in-app transactions. That came during testimony in a May 2021 trial resulting in a U.S. judge ruling that the App Store isn't a monopoly. In that decision, the judge required Apple to begin allowing links to outside payment options inside iPhone apps in the U.S. Apple still doesn't permit alternative iPhone app stores in the U.S. or more than 100 other countries outside the EU.

Persons: Apple, Tim Sweeney, Steve Jobs, Epic's Sweeney, ” Apple Organizations: Apple, Union, Digital Markets, Spotify, Epic, European Commission, U.S, Regulators, Google, Facebook, Apple Watch, Supreme, EU Locations: Europe, Apple’s, Sweden, U.S, It's

☆ Big Tech goes from 'teenager' to 'grown-up' under landmark EU law. Here's what you need to know
▼ + stars: | 2024-03-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Justin Tallis | AFP via Getty ImagesAn EU law that seeks to rein in large digital companies has officially kicked in, spelling big changes for primarily U.S. tech giants. CNBC runs through how the law impacts large U.S. tech companies — as well as consumers in the EU. The EU Digital Markets Act primarily impacts U.S. tech giants — the likes of Alphabet , Amazon , Apple , and Meta . The rules have already sparked big changes for tech giants in how they serve customers in the EU. It's likely more adjustments will come, as competitors to Big Tech firms aren't happy with the proposals put in place so far.

Persons: Justin Tallis, Bill Echikson, Echikson, ByteDance, Apple Organizations: Apple, Facebook, Microsoft, Getty, Digital Markets, European Commission, Center for, CNBC, Big Tech, EU Digital Markets, Meta, Google, Companies, EU, Spotify Locations: EU, U.S, iPhones

☆ Sam Altman and Elon Musk are beefing, but the two share plenty in common
▼ + stars: | 2024-03-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Sam Altman's sprawling AI empire amid his beef with Elon Musk . AdvertisementBut first, the sun never sets on Sam Altman's AI empire. OpenAI CEO Sam Altman was thrust into the mainstream consciousness with the release of ChatGPT in 2022. Elon Musk and Sam Altman Michael M. Santiago/Getty, Nordin Catic/Getty, Tyler Le/BIThere is another tech billionaire whose vision exceeds a singular company. But unlike Musk, Altman has, somewhat incredibly, mostly skirted controversy (save for his ouster-then-return saga ).

Persons: —, There's, Sam Altman's, Elon Musk, Alastair Grant, Rebecca Zisser, Sam Altman, Altman, Darius Rafieyan, Sam Altman Michael M, Nordin Catic, Tyler Le, Elon, Musk, OpenAI, execs, Altman isn't, Robert Downey Jr, Tony Stark, Goldman Sachs, Jenny Chang, Rodriguez, Neema Raphael, Goldman's, Jerome Powell, Powell, Li Qiang's, Xi Jinping, Fernando Gutierrez, leapfrog, Ridley Scott's, Napoleon, BI's Peter Kafka, Elon Musk's, Joe Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Elon, Business, OpenAI, Microsoft, Goldman, Beijing, Nvidia, leapfrog Apple, Apple, Google, FTC, Facebook, Variety, Tesla, Costco, Kroger, Digital Locations: China, Delaware, New York, London

☆ Sweeping EU rules for tech giants take effect today. Here’s what’s changing
▼ + stars: | 2024-03-07 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

The new EU regulations force sweeping changes on some of the world’s most widely used tech products, including Apple’s app store, Google search and messaging platforms, including Meta’s WhatsApp. Its broad obligations affect six of the world’s largest tech companies: Amazon, Apple, Google, Meta, Microsoft and ByteDance, the parent company of TikTok. While the law could increase demand for tech companies to extend EU-specific features to other markets, few platforms have shown signs they plan to do so. Tech pushes backBut some tech companies have pushed back on the DMA, warning that it could lead to unintended consequences. “The changes the DMA requires will inevitably cause a gap” between EU users’ security and the security Apple users enjoy outside the EU, it added.

Persons: Meta’s, Apple, Bing, Elon Musk’s, “ Fortnite, ”, Agustin Reyna, “, Apple’s, ” Apple, Reyna, ” BEUC, Tim Sweeney, Meta —, Daniel Friedlaender, CCIA, Friedlaender, Olesya Dmitracova Organizations: Washington CNN, Apple, Google, Union citizens, Big Tech, Spotify, Netflix, Digital Markets, Meta, Microsoft, European Commission, EU, YouTube, Epic, Consumer, Tech, Games, CNN, Computer, Communications Industry Association Locations: United States, Europe

☆ TikTok: House panel unanimously approves bill that could ban app from US app stores
▼ + stars: | 2024-03-07 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

If enacted, the bill would give ByteDance 165 days, or a little more than five months, to sell TikTok. The legislation also has the support of the White House and House Speaker Mike Johnson. House lawmakers voted unanimously in the same session Thursday to advance a second bill, one that would limit US companies’ ability to sell Americans’ personal information to foreign adversaries. Speaking to reporters on the Capitol steps Thursday, Gallagher rejected characterizations of the bill as a TikTok ban. A legislative factsheet from the sponsors of the House bill claims the proposal does not censor speech.

Persons: ”, TikTok, Shou Chew, Cathy McMorris Rodgers, Frank Pallone, “, ” Pallone, Shou Zi Chew, Jose Luis Magana, Mike Gallagher, Raja Krishnamoorthi, Mike Johnson, Steve Scalise, Washington Sen, Maria Cantwell, ” Cantwell, Gallagher, “ It’s, Dan Crenshaw, It’s, ” Crenshaw, snoop, ByteDance, Trump, Tom Williams, —, “ We’re, Jenna Leventoff, Stephanie Joyce, ” CNN’s Haley Talbot, Melanie Zanona Organizations: Washington CNN, TikTok, House Energy, Commerce, Apple, Google, “, Washington Republican, New, New Jersey Rep, Capitol, Wisconsin Republican, Illinois Democratic Rep, White, Senate, Democratic, Washington, CNN, Chinese Communist Party, Texas Republican, Oracle, American Civil Liberties Union, ACLU, Computer and Communications Industry Association, Foreign Locations: China, New Jersey, Washington, United States, Beijing, State, Rayburn, Montana

☆ Apple's movies are box-office duds. Apple says they're profitable. Huh?
▼ + stars: | 2024-03-07 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

And since the Apple-made movies are expressly built to be shown on its Apple TV+ streaming service, Apple can't make money selling them to a different streamer. Apple, movies, and TV: Why? And the second obvious answer is that Apple needs Apple TV+ because it's increasingly focused on making money from "services" as iPhone sales slow down. Apple has managed to grow Apple TV+ meaningfully after a rocky start. Still, even in the best-case scenario, Apple TV+ is a sliver of the $85 billion Apple made from services last year.

Persons: …, Napoleon, That's, —, James Bond, Henry Cavill, Bryce Dallas Howard, Sam Rockwell, Dave Benett, Apple, it's, Martin Scorsese's, he's Organizations: Apple, Variety, Business, Google Locations: Dua Lipa

☆ Amazon's secret war on Android: The company has a plan to cure Alexa's addiction to Google's operating system.
▼ + stars: | 2024-03-06 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

Amazon's Alexa division is cutting costs across the board, having laid off thousands of employees and reshuffled projects over the past 18 months. Vega is a "new portable operating system for consumer electronics developed by Amazon," the document explained. Tech newsletter Lowpass previously reported on some parts of the new Vega OS. Feature parity gapThe feature parity gap between Amazon's own Alexa devices and third-party voice-assistants using Alexa has long been a problem, both internally and externally, according to the people familiar. Not off Android entirelyWith the new Vega OS, Amazon is reducing its reliance on the Android-based Fire OS.

Persons: Panos Panay, Andy Jassy, Jeff Bezos, Vega, Dave Limp, Alexa, It's Organizations: Alexa, Business, Software, BI, Amazon, Amazon's, Tech, Google, Blue, Washington Post, Vega

☆ Epic Games says Apple retaliated over lawsuits by banning company's developer account
▼ + stars: | 2024-03-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Apple has rejected Epic Games' application for a developer account it would use to launch an app store for iPhones in Europe, Epic CEO Tim Sweeney said Wednesday. The relationship between Apple and Epic Games has been confrontational since Epic sued Apple in 2020 over whether Fortnite could evade Apple's App Store rules and bypass its 30% cut of game sales. The spat highlights global regulatory threats to Apple's App Store sales, a profitable division for Apple reported under its services business. Sweeney said Wednesday that Epic planned to introduce a new app store in Europe to distribute Fortnite and other games. Don't miss these stories from CNBC PRO:WATCH: Epic Games lawsuit

Persons: Apple, Tim Sweeney, Sweeney, Phil Schiller, Schiller Organizations: Games, Apple, Apple App, Epic Games, Digital Markets, Spotify, Epic, Sweden, CNBC Locations: iPhones, Europe, California, Sweden

☆ U.S. lawmakers push for ByteDance to divest TikTok or face ban
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: +3 min

A bipartisan group of U.S. lawmakers introduced legislation on Tuesday to give China's ByteDance about six months to divest popular short video app TikTok or face a U.S. ban, seeking to tackle national security concerns about its Chinese ownership. Sopa Images | Lightrocket | Getty ImagesA bipartisan group of U.S. lawmakers introduced legislation on Tuesday to give China's ByteDance about six months to divest popular short video app TikTok or face a U.S. ban, seeking to tackle national security concerns about its Chinese ownership. The bill is the first significant legislative move in nearly a year toward banning or forcing ByteDance to divest the popular app, after senate legislation to ban it stalled in Congress last year in the face of heavy lobbying by TikTok. The bill would give ByteDance 165 days to divest TikTok, which is used by more than 170 million Americans, or make it unlawful for app stores run by Apple , Google and others to offer TikTok or provide web hosting services to apps controlled by ByteDance. "This bill is an outright ban of TikTok, no matter how much the authors try to disguise it," a company spokesperson said on Tuesday.

Persons: ByteDance, Mike Gallagher, Raja Krishnamoorthi, Gallagher, Biden, TikTok, Cathy McMorris Rodgers Organizations: Representatives, Chinese Communist Party, Apple, Google, National Security, American Civil Liberties Union, Energy, Commerce Locations: U.S, China, United States, TikTok

☆ TikTok faces more heat in Washington, as House members introduce legislation demanding ByteDance divestiture
▼ + stars: | 2024-03-05 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

The bill says TikTok is controlled by a foreign adversary and poses a threat to U.S. national security. Earlier attempts to ban TikTok in the U.S. appear to have stalled, leaving some states like Montana to try and impose their own bans. The Pew Research Center released a survey in December showing that support for a U.S. government ban on TikTok is declining. The survey showed that 38% of U.S. adults support a TikTok ban as of October compared to 50% in March. WATCH: The Biden campaign joins TikTok, despite ban on app on government phones.

Persons: Mike Gallagher, Raja Krishnamoorthi, Gallagher, ByteDance, Shou Zi Chew, Joe Biden, Donald Trump, TikTok, Biden's, Z Organizations: Lawmakers, TikTok, U.S, Chinese Communist Party, Apple, Google, Pew Research Center, Biden Locations: U.S, TikTok, Washington ,, United States, Montana

☆ Apple has been hit with a fine of nearly $2 billion by the European Commission over music streaming restrictions
▼ + stars: | 2024-03-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The European Commission fined Apple 1.8 billion euros for abusing its market dominance. Apple restricted app developers from informing users about alternative, cheaper music services. AdvertisementApple has been hit with a fine of 1.8 billion euros ($1.95 billion) by the European Commission, part of the European Union. The EU regulators said iOS users paid "significantly higher prices for music streaming subscriptions" as a result of Apple imposing the fees on developers, which lasted for nearly a decade. The streaming firm claimed Apple's App Store rules "purposely limit choice and stifle innovation" by imposing a 30% commission on app developers.

Persons: —, Apple, Apple didn't Organizations: European Commission, Apple, Spotify, Service, European Union, Digital Markets, Commission, Business Locations: EU, Paris

☆ Apple hit with more than $1.95 billion EU antitrust fine over music streaming
▼ + stars: | 2024-03-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe European Commission, the European Union's executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution of music streaming apps. Apple also banned developers of music streaming apps from providing any instructions about how users could subscribe to these cheaper offers, the Commission alleged. Apple responseIn a fiery response to the fine, Apple said Spotify would stand to gain the most from the EU pronouncement. That's because instead of selling subscriptions in their iOS app, Spotify sell them via their own website stead. Apple fine just a 'parking ticket'The Commission said that Apple prevented developers of music streaming apps from informing their iOS users within their apps about prices of subscriptions or offers available elsewhere.

Persons: Apple, —, Margrethe Vestager, Vestager Organizations: European Commission, Apple, Commission, EU, U.S, Spotify, Apple Music Locations: Brussels, Stockholm, Sweden, Cupertino

☆ How Regulations Fractured Apple’s App Store
▼ + stars: | 2024-03-04 | by ( Tripp Mickle | ) www.nytimes.com time to read: 1 min

Since introducing the App Store in 2008, Apple has run it largely the same way across 175 countries, right down to the 30 percent commission it has collected on every app sold. The company calls the result an economic miracle. The store has generated more than $1 trillion in sales, helped create more than seven million jobs and delivered Apple billions of dollars in annual profits. But as the App Store approaches its 16th anniversary, a patchwork of local rules are upending Apple’s authority over it. On Thursday, European Union regulators will begin enforcing the Digital Markets Act, a 2022 law that requires Apple to open iPhones in the bloc to competing app marketplaces and alternative payment systems for in-app sales.

Organizations: Apple, European Union, Digital Markets

☆ Forced to Change: Tech Giants Bow to Global Onslaught of Rules
▼ + stars: | 2024-03-04 | by ( Adam Satariano | David Mccabe | ) www.nytimes.com time to read: +1 min

And Apple will give iPhone and iPad users access to rival app stores and payment systems for the first time. The tech giants have been preparing ahead of a Wednesday deadline to comply with a new European Union law intended to increase competition in the digital economy. Those changes are some of the most visible shifts that Microsoft, Apple, Google, Meta and others are making in response to a wave of new regulations and laws around the world. In the United States, some of the tech behemoths have said they will abandon practices that are the subject of federal antitrust investigations. “This is a turning point,” said Margrethe Vestager, the European Commission executive vice president in Brussels, who spent much of the past decade battling with tech giants.

Persons: ”, Margrethe Vestager Organizations: Google, Microsoft, European Union, Markets, Apple, Justice Department, European Commission, “ Locations: United States, Brussels

☆ Apple Fined $2 Billion by E.U. for Using App Store to Thwart Competition
▼ + stars: | 2024-03-04 | by ( Tripp Mickle | Adam Satariano | ) www.nytimes.com time to read: +1 min

Apple on Monday was fined 1.8 billion euros ($1.95 billion) by European Union regulators for thwarting competition among music streaming rivals, a severe punishment levied against the tech giant in a long-simmering battle over the powerful role it plays as gatekeeper of the App Store. antitrust regulator, is the culmination of a five-year investigation set in motion by one of its biggest rivals, Spotify. Regulators said Apple illegally used its App Store dominance to box out rivals. “For a decade, Apple abused its dominant position in the market for the distribution of music streaming apps through the App Store,” said Margrethe Vestager, the European Commission executive vice president who oversees competition policy. “From now on,” she said in a news conference, “Apple will have to allow music streaming developers to communicate freely with their own users.” The size of the fine, she added, “reflects both Apple’s financial power and the harm that Apple’s conduct inflicted on millions of European users.”

Persons: ”, Margrethe Vestager, “ Organizations: Apple, Monday, European Union, Spotify, European Commission

☆ Why Apple's $2 billion fine is a $80 billion problem
▼ + stars: | 2024-03-04 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Apple's stock fell Monday morning after EU regulators slapped the company with a $2 billion fine. The fine is part of the EU's push to get Apple to open up its App Store. Investors are trying to figure out how much opening the App Store will hurt the company long term. Which means, at the moment, that Apple's $2 billion fine has cost it some $80 billion in market cap. But as recently as a month ago, the conventional wisdom was that Apple's fine was going to be something in the $500 million range.

Persons: —, that's, they've, there's Organizations: Apple, Service Locations: Europe

☆ A big fine in Europe adds to Apple's 2024 woes. What it will take to get back on track
▼ + stars: | 2024-03-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Apple shares tumbled on Monday after European regulators hit the tech giant with a big antitrust fine over music streaming. The European Commission dished out a $1.95 billion fine — claiming Apple violated competition laws in the music streaming market. Apple and Spotify have rival audio streaming services. "New AI services should compel users to upgrade iPhones, driving a Supercycle in 2025," the analysts said in a note to clients Monday. Melius also sees upside to Apple Services due to AI-infused software features.

Persons: —, Jim Cramer, Jim, Tim Cook, Apple, we're, Melius, Jim Cramer's, Scott Eells Organizations: Apple, European, European Union, Spotify, European Commission, Big Tech, Microsoft, Nvidia, Nvidia's, Huawei, India . Club, Apple Music, Research, Apple Services, CNBC, Nasdaq, Bloomberg, Getty Locations: Europe, American, China, India, New York

☆ Apple hit with landmark $2 billion EU antitrust fine
▼ + stars: | 2024-03-04 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —The European Union has fined Apple €1.84 billion ($2 billion) for breaking its competition laws. The bloc announced Monday that it would impose the fine — its first-ever antitrust penalty on the US tech giant — for preventing rival music streaming services such as Spotify from telling iPhone users that they could find cheaper ways to subscribe outside of Apple’s app store. The European Commission opened a formal antitrust investigation into Apple in 2020 after Spotify (SPOT) lodged a complaint against Apple the previous year, accusing it of unfairly disadvantaging its competitors. It said Apple required the Swedish music streamer and other content providers to pay a 30% fee on purchases made through Apple’s in-app payment system, while its own service, Apple Music, didn’t have to pay the fee. Spotify also said Apple prevented it from sharing information about subscription deals with customers who use iPhones.

Persons: Margrethe Vestager, ” Vestager Organizations: London CNN, European Union, Apple, Spotify, European Commission, Apple Music, Digital Markets, Big Tech Locations: Apple’s

☆ Author Cory Doctorow has a theory about why all tech and social platforms eventually decline
▼ + stars: | 2024-03-03 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Cory Doctorow has a theory for why tech platforms are getting worse. After locking users in, Doctorow believes tech platforms deliberately worsen the user experience. AdvertisementCory Doctorow has a theory for why tech platforms seem to have been sapped of all their joy: he calls it the great "enshittification." The 52-year-old Canadian-British author coined the term as a means of describing the growing sense that platforms operated by Big Tech companies are decaying beyond recognition. AdvertisementApple App Store.

Persons: Cory Doctorow, Doctorow, —, beholden, Uber, Apple, Zuckerberg's, Zuckerberg, there's Organizations: Service, Big Tech, Facebook, Twitter, Netflix, NurPhoto, Getty, Companies, Apple, EU's, European Commission, Meta, Cambridge, Capitol Locations: British

☆ Venture capital firm's plan to buy nonprofit hospital system has Ohio community on edge
▼ + stars: | 2024-03-02 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +17 min

In late 2022, Harrison joined venture firm General Catalyst, which has backed tech highfliers like Stripe, Snap and Airbnb . This is the first holistic transformation of a health system to a thoughtful combination of digital and in-person care." "It just makes people a little nervous, and it doesn't feel quite aligned with this concept of health care being a human right." To revolutionize how we care for patients, we in health care are doing the same." "This is not like a turnaround, this is not a distressed system," Harrison said.

Persons: Marc Harrison, who's, Astrid Stawiarz, Mark Zuckerberg, Elon Musk, He's, screeds, Harrison, Catalyst, HATCo, Fitch, Ceci Connolly, Connolly, She's, Freddy Krueger, John Bass, Bass, he's, Chris Bischoff, Bischoff, it's, Harrison isn't, Michael Greeley, Greeley, Beaumont, Cliff Deveny, hadn't, Deveny, Ben Sutton, Sutton, Shammas Malik, James Hardy, Hardy, Mayor Malik, Malik, we've, Capital's Greeley, Catalyst's Organizations: Healthy, CNBC, Intermountain Healthcare, Catalyst, Summa Health, Health Assurance Transformation Corporation, Summa Health Medina, Urban Institute, Fitch Ratings, Alliance of Community Health, General Catalyst, HCA Healthcare, University of California Davis Health, Intermountain, Flare Capital Partners, Beaumont Health, Health, Akron, Ideastream Public Media, HATCo Locations: New York City, Silicon Valley, Utah, Ohio, Harrison, PitchBook, U.S, Canada, Israel, Michigan, Beaumont, Akron, Summit County, Akron's

☆ In Shopify's app store, 'people are fighting it out on the margins' as the market becomes oversaturated and merchants cut costs
▼ + stars: | 2024-02-29 | by ( Madeline Stone | ) www.businessinsider.com time to read: +10 min

Its S-1 filing mentions the word "Shopify" 198 times, and it said that about 77.6% of its annual recurring revenue came from Shopify merchants. About a third of the deals FE International facilitates are for businesses within the Shopify ecosystem, Smale said. Smale said that lately, he has worked with a "wider variety of acquirers" quietly looking to scoop up Shopify apps. He said that Shopify apps make good acquisition targets because they tend to be profitable and not venture-backed. "I always say Shopify SaaS applications are so great to build because they're kind of like building a SaaS on training wheels," Gazdecki said.

Persons: Shopify, Rachael Jones, Brent Murri, They've, Murri, Andrew Bialecki, Klaviyo, Dennis Hegstad, there's, Hegstad, Andy Cloyd, it's, We're, Thomas Smale, Smale, Andrew Gazdecki, Acquire.com, Gazdecki, Tobi Lütke, Lucas Jackson, wouldn't Organizations: Shopify's, Business, Boston Globe, FE International, Reuters Locations: Shopify, Klaviyo

☆ Cramer gives the portfolio's core holdings a makeover — 4 are booted, 6 are added including a trio of tech giants
▼ + stars: | 2024-02-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +12 min

COST 5Y mountain Costco's stock performance over the past five years. DHR 5Y mountain Danaher's stock performance over the past five years. ETN 5Y mountain Eaton Corp.'s stock performance over the past five years. "The megatrends are real serious, and [Eaton] is a real serious company," Jim said. TJX 5Y mountain TJX Companies' stock performance over the past five years.

Persons: Jim Cramer, Jeff Marks, Morgan Stanley, Wall, Beijing's, Jim, Eaton, Linde, Lilly's, Eli Lilly, We've, Zepbound, Mark Zuckerberg's, Mark Zuckerberg, OpenAI, Copilot, management's, Nvidia, TJ Maxx, TikTok, Gen Zers, TJX, Jim Cramer's, Satya Narayana Nadella, Lucas Jackson Organizations: GE Healthcare, Meta, Microsoft, Johnson, Natural Resources, Starbucks, Apple, Apple Music, Services, Amazon, Amazon Web Services, Prime, Costco, Danaher, Eaton Corp, Investors, GE, LIN, Novo Nordisk's Wegovy, Novo Nordisk, Management, Nvidia, TJX Companies, Marshalls, CNBC Locations: Eaton, China, Manhattan, New York City

☆ You may lose access to your Netflix account if you’re paying through Apple
▼ + stars: | 2024-02-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Netflix wants its customers to stop paying for its streaming subscription through Apple’s App Store. Members billed through Apple may soon be prompted to change their payment plan, a new addition to Netflix’s help site reads. Netflix stopped accepting Apple payments for new and rejoining customers in 2018, but Netflix’s policy change means existing customers who had been grandfathered into paying through Apple will now have to make the switch. Previously, Apple had prohibited many iOS apps from skirting the 30% charge by accepting payments outside of Apple’s proprietary payment system. Apple’s in-app purchase fees have been the subject of ire from app developers for years.

Persons: Apple, Brian Fung Organizations: CNN, Netflix, Apple, Spotify, Epic Games Locations: United States, Canada

Learn moreThe Apple Watch Series 9 and Ultra 2 are Apple's flagship smartwatches. Check out our reviews of the Apple Watch Series 9 and Apple Watch Ultra 2 for more specific information. AdvertisementApple Watch Series 9 vs. Ultra 2: Smartwatch featuresThe Ultra 2 (shown) and Series 9 both have the new Double Tap Gesture. These consist of the best designer Apple Watch bands, the best leather Apple Watch bands, or the best metal Apple Watch bands. AdvertisementApple Watch Series 9 vs. Ultra 2: PriceThe Apple Watch Series 9 starts at $399 for the 41mm model and $429 for the 45mm model, while the Ultra 2 retails for $799 for the only sizing option available, the 49mm model.

Persons: Rick Stella, Apple Organizations: Business, Apple, Health, Smart, Control, Apple Pay, Apple Watch, GPS

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