Heard on the Street: As Spotify demonstrated, it will take a taxman to beat a taxman
As Spotify demonstrated Wednesday, it will take a taxman to beat a taxman.
The “taxman” in this case is Apple Inc., which Spotify hit with an antitrust complaint to the European Union on Wednesday. The two companies run the world’s largest streaming-music services, and Spotify’s is the much larger of the two. But it claims Apple has abused its control over the App Store that is the sole distribution arm for apps compatible with Apple’s devices like the iPhone and iPad. A major part of that complaint is the 30% cut Apple takes...
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