Meta Platforms CEO Mark Zuckerberg has unleashed a scathing attack on Apple, calling out the company’s business practices and lack of innovation in an interview with Joe Rogan. The comments, which have been likened to a “damning” case by CNBC’s Jim Cramer, criticize Apple’s 30% commission on App Store transactions as a way for the company to “squeeze” developers and users. Zuckerberg also claimed that Apple has “hamstrung” the ability of other companies to create products that can easily connect to the iPhone. The remarks come at a time when Apple is facing challenges with iPhone demand, particularly in its key China market. Despite this, shares of both Apple and Meta fell in Monday’s largely down market.
Source: https://www.cnbc.com/2025/01/13/jim-cramer-metas-zuckerberg-lays-out-damning-case-against-apple.html