TECH NEWS – He might as well keep quiet, because his company’s stock has gone up significantly, so he’s getting a hefty bonus.

iOS 17.4 is coming on March 6, and it brings a lot of changes. It will allow iPhone users to load apps outside the App Store (sideloading), but only in the European Union. Zuckerberg doesn’t like the changes Apple has made, which they had to make because of the Digital Markets Act. He talked about it on Thursday during Meta’s quarterly earnings call, calling the App Store changes “so onerous”!

“I don’t think the Apple thing is going to make a difference for us. Because I think the way they have implemented it, I would be very surprised if any developer would choose to go into the alternative app stores that they have.They’ve made it so onerous, and I think so contrary to the intent of what the EU regulation was, that I think it’s just going to be very difficult for anyone, including us, to really seriously consider what they’re doing there,” said Zuck, Meta’s boss.

Developers can use their own payment methods, but third-party developers will have to pay 50 cents per install if their app reaches more than 1 million downloads, making the Apple App Store a better option for free app owners. Spotify and Epic Games have also criticized Apple (they say it’s nothing more than a false pretense of compliance and concessions), and Microsoft also sees the changes as a step in the wrong direction…

Zuck sold a lot of shares on the stock market after Meta’s shares started to be worth more. In the last fiscal quarter, the increase was driven by a 50 cent per share dividend increase, with a 25% increase for the quarter and 16% for the full year. After the financial results were announced, Meta’s stock rose another 19% (!). Documents filed with the U.S. Securities and Exchange Commission showed that Zuckerberg had sold $7.9 million worth of shares and was looking to sell another $46 million worth. Spotify and Epic Games have also criticized Apple (saying it’s nothing more than a false pretense of compliance and concessions), and Microsoft also sees the changes as a step in the wrong direction.

The market has changed since Meta’s 2022 debacle: today, artificial intelligence dominates the discussion, and shares of Google’s parent company Alphabet weakened as it highlighted high costs, while Meta reported dividends and strength. And while Zuckerberg is not the majority owner of Meta, his shares are structured to give him majority voting power…

Source: WCCFTech