Spotify CEO Daniel Ek tells investors Apple’s DMA rules are a ‘farce,’ but says there are ‘future upsides’ too
https://techcrunch.com/2024/02/06/spotify-ceo-daniel-ek-tells-investors-apples-dma-rules-are-a-farce-but-says-there-are-future-upsides-too/
Spotify, a notable Apple critic, unsurprisingly came out swinging after Apple announced how it was complying with the EU’s new regulation, the Digital Markets Act, or DMA, calling Apple’s plan “extortion” and a “complete and total farce.” But on its Q4 2023 earnings call with investors, Spotify CEO Daniel Ek took a more muted tone concerning the new law, saying that there’s no real downside to its business, from an investor standpoint, as companies can remain on their current terms with Apple, and in fact, there are potential “future upsides, that could be quite significant.”
The streamer is one of many vocal critics of the new law, joining others like Epic Games, Mozilla, and Microsoft, who have raised concerns about Apple’s implementation.