Categories: Business

Elon Musk says he met with Apple CEO Tim Cook dinner after criticizing him

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Tesla billionaire Elon Musk mentioned he met with Apple CEO Tim Cook dinner on Wednesday, including one other chapter to a wierd and contentious week between the 2 tech titans.  

“Thanks @tim_cook for taking me round Apple’s lovely HQ,” Musk wrote in a tweet, together with a video of a giant pond, with two shadows standing within the foreground. 

The seemingly benign tweet capped off a number of much less nice missives from Musk, who repeatedly known as out Apple this week, and at instances Cook dinner particularly, over claims that the tech big stopped promoting on Twitter, threatened to take away it from its app retailer, and overcharged corporations. (Each Apple and Twitter didn’t instantly reply to Fortune’s request for remark.)

On Monday, Musk tweeted that Apple had lower off most of its promoting on Twitter. Apple was the highest advertiser on Twitter within the first quarter of this 12 months, spending $48 million on adverts, in keeping with the The Washington Publish. Apple adverts accounted for 4% of Twitter’s income that quarter.

“Do they hate free speech in America?” He wrote, including, “What’s occurring right here @tim_cook?”

Twitter has misplaced a number of main advertisers since Musk took over the corporate final month, together with Pfizer, Volkswagen, and Chipotle. Latest reporting from tech publication Platformer revealed that weekly advert bookings for the corporate are down practically 50%, and income in Europe, the Center East, and Africa is down 15%. 

However promoting is only one a part of Musk’s downside with Apple. He claimed in one other Monday tweet that the corporate “threatened to withhold” Twitter’s app from its app retailer, however “received’t inform us why.” 

https://twitter.com/elonmusk/status/1597300125243944961?ref_src=twsrc%5Etfw” target=”_self” rel=”noopener” class=”sc-bdvvtL lpozya

Advertisers and corporations have been distancing themselves from Musk’s Twitter since he started implementing modifications on the firm earlier this month, largely in response to Musk’s determination to chop a lot of the platform’s content material moderation group and the ensuing rise of hate speech noticed on the location. 

Getting kicked out of the app retailer could be a significant blow to the social media platform, which is already enduring a interval of maximum tumult. Musk has to date laid off round 50% of Twitter’s workers in an effort to chop prices, with tons of resigning in latest weeks as the brand new CEO brings his trademark “hardcore” work ethic and administration model to the corporate. 

Musk went on to denounce Apple’s “secret 30% tax on every thing” in a separate tweet, referring to the share of earnings that the corporate takes from app retailer gross sales. Musk might have additionally delayed relaunching the platform’s Twitter Blue subscription service in order that the characteristic could possibly be re-tooled as an in-app buy, and keep away from Apple’s charge. 

The charge Apple receives from app downloads is well-known amongst tech corporations, with Spotify and Fb mother or father Meta having criticized Apple for the share lower previously.

Epic Video games, the writer of fashionable videogame Fortnite, even took Apple to court docket final 12 months over the embedded charge. Epic’s CEO Tim Sweeney has criticized Apple’s mannequin as a “monopoly” and not too long ago sided with Musk on the problems between Apple and Twitter.

“Apple is a menace to freedom worldwide,” Sweeney wrote on Twitter this week. “They keep an unlawful monopoly on app distribution, they use it to manage American discourse, and so they’re endangering protesters in China by storing delicate buyer information in a state-owned information middle.”

Billing startup Paddle additionally took Apple to court docket final 12 months over its fee system, and its CEO Christian Owens not too long ago welcomed Musk as an ally of their case. “It factors to how egregious the 30% charge is. I’m glad Elon is within the struggle,” Owens informed Insider this week.

A pondside assembly at Apple HQ will doubtless not be sufficient for Musk to simply accept Apple’s obtain charge, though Owens and different CEOs dissatisfied with Apple may quickly discover him to not be probably the most dependable ally.

Our new weekly Impression Report publication will look at how ESG information and tendencies are shaping the roles and obligations of right now’s executives—and the way they will finest navigate these challenges. Subscribe right here.

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