Apple's App Store Policy Sparks Clash With Elon Musk, Jack Dorsey: What's The 'Damus' Drama All About
Portfolio Pulse from Ananya Gairola
Elon Musk and Jack Dorsey have criticized Apple's threat to ban Damus, a decentralized social messaging app backed by Dorsey, due to non-compliance with App Store Review Guidelines. Apple's concerns revolve around Damus' integration with the Lightning Network and its 'Zaps' feature, which could be used by content creators to sell digital content without going through Apple's payment system.

June 14, 2023 | 2:14 am
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Apple faces criticism from Elon Musk and Jack Dorsey over its threat to ban the Damus app due to non-compliance with App Store Review Guidelines.
Apple's threat to ban the Damus app has drawn criticism from high-profile figures like Elon Musk and Jack Dorsey. While this may generate negative publicity for Apple, it is unlikely to have a significant short-term impact on the company's stock price, as Apple has faced similar criticisms in the past without major consequences. However, it is important for investors to monitor the situation and any potential regulatory changes that may arise from this issue.
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