Snap CEO happy to pay Apple 30%, says they wouldn't exist without iPhoneAt least one social media company is happy about it.
What you need to know
Snap CEO Evan Spiegel sat down for an interview on CNBC today.
Spiegel said the company is happy to pay Apple's 30% commission through the App Store.
Snapchat is happy to pay the "Apple tax," according to Snap CEO Even Spiegel.
In an interview with CNBC, the CEO of the social media company says that they did not have an issue paying Apple's 30% commission on in-app purchases, saying that the company would not exist without the iPhone.
"We really feel like Snapchat wouldn't exist without the iPhone and without the amazing platform that Apple has created," Spiegel said on TechCheck. "In that sense, I'm not sure we have a choice about paying the 30% fee, and of course, we're happy to do it in exchange for all of the amazing technology that they provide to us in terms of the software but also in terms of their hardware advancements."
Spiegel also says that the company is aligned with Apple when it come...
Source:
Snap CEO happy to pay Apple 30%, says they wouldn't exist without iPhone
