Technology

This is the best summary I could come up with:

After sitting with our legal team to parse through the fine print of Apple's DMA announcement (that took a while), which is, at best vague and misleading, I wanted to share my thoughts.

Under Apple's new changes, apps with over one million downloads will need to pay a "core technology fee" for "each first annual install per year."

That puts an app like Spotify — which Ek said has more than 100 million downloads in the EU — in an "untenable situation" because it drastically increases the cost of acquiring new customers.

For its part, Apple said in a statement that it seeks to support developers, including Spotify, which it acknowledged as the world's "most successful" music streaming app.

While Apple's tight hold over the iOS ecosystem has helped it reap billions in revenue, it has also caused it to run afoul of regulators who believe its tactics stifle innovation and suppress new entrants.

Apple's App Store change not only falls short of that ideal, but "mocks the spirit of the law and the lawmakers who wrote it," Ek said.

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