Tech billionaire Elon Musk on Thursday said that he will talk to Apple CEO Tim Cook about adjusting the 30 percent commission the tech giant takes on in-app purchases.
Musk posted on X, “People from every corner of the world post incredible content on X, but often live in tough circumstances, where even a few hundred dollars a month change their life.”
“While we had previously said that X would keep nothing for the 12 months, then 10 percent, we are amending that policy to X keeps nothing forever, until payout exceeds $100k, then 10 percent. The first 12 months is still free for all.”
“Apple does take 30 percent, but I will speak with @tim_cook and see if that can be adjusted to be just 30 percent of what X keeps in order to maximize what creators receive,” he added.
Several users expressed their thoughts and suggestions on Musk’s post.
