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Facebook says Apple refused to waive 30% fee on new paid online events feature

Facebook on Friday took a shot at Apple, saying the company will only be able to pay small businesses a portion of sales from a new paid online events feature as a result of the iOS App Store's policies.

As a result, Facebook said it would make it clear to users in the iOS version of its app that Apple is taking a cut of their sales.

Simo said Facebook is unsure if this label will successfully get through Apple's review process, but she said it is important for users to know where their money is going.

Facebook last month warned investors that its revenue could be impacted by an upcoming feature in Apple's iOS 14 that could make it more difficult for the social media company to target ads to its users.

Apple's App Store is the only way to install software on iPhones, and in recent weeks, top app makers have started to revolt against its rules and the 30% cut it takes from payments.

On Thursday, Epic Games decided to test Apple's rules and introduced a way for gamers to directly pay Epic for features.

Google also removed Fortnite for breaking its Play Store rules, but Android allows users to install third-party app stores, which means people can still install and play Fortnite.

Original article
Author: Cnbc

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