Facebook Decries Apple's App Store Tax On Its Initiative To Support Small Businesses During Pandemic

Facebook Inc on Friday denounced what it called App Store Tax on its initiative to support small businesses through online events.

Unfortunately, they dismissed both our requests and SMBs will only be paid 70% of their hard-earned revenue, the executive wrote, referring tosmall and medium-sized businesses.

The Facebook initiative was launched Friday, and allows businesses, creators, and others to earn money by hosting online events on its platform.

The lawsuit decried the Cupertino-based tech behemoths practices and alleged, Apple is bigger, more powerful, more entrenched and more pernicious than monopolies of yesteryear.

Both Microsoft Corporations and Facebooks gaming efforts have been stymied as the Tim Cook-led company didn't allow their apps to be listed on App Store, claiming they violated policies.

Original article