Justas JanauskasCEO @ Qoorio, Co-Founder @ Vinted, Angel InvestorSome time ago
Apple is keeping our app "In Review" for 4 weeks already. They don't tell us if there is a problem or what is happening. They do not communicate anything to us, except "please wait". Many great new features are lagging behind to be delivered to our cozy community. We can do nothing, just wait. No issues with Google Play. Years ago, I used to be a huge fan of Apple's brand, believing in their company & what they do. This belief started to fade out a few years gradually, going down from feelings of excitement to hate. It is interesting to observe how my personal relationship with a brand is changing over time. Also, Apple developers are forced to use Apple Pay solutions in many cases (like selling digital goods) in their apps, and Apple does not allow any other payment providers. No issues with Google Play. Oh, by the way, if you use Apple Pay, you pay up to 30% of the commission fee, which is a total rip-off. Recently I read an article that the EU is starting a process to put an end this foully. Of course, it will take years to complete it, but at least someone is taking care of it. Read the article here: https://www.theguardian.com/business/nils-pratley-on-finance/2020/jun/16/the-eus-bite-at-apple-could-prove-to-be-a-game-changer So, what's the moral of the story? The more you abuse your power, the more angry people you will get, and the stronger resistance you will create from the market. Nobody can win against the market, so instead of continuing your abuse, just stop doing that. Agree or disagree?

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Mantas MažūnaPartnerships & Innovations
Justas, I believe you would agree that both of your mentioned companies don’t fit as samples to this particular case that we are discussing here. Both of them own a specific type of infrastructure that is, first of all, regulated by various laws. TEO is, in a sense, just operating that network (https://ec.europa.eu/regional_policy/lt/projects/lithuania/improving-broadband-access-in-rural-lithuania). Same with heating.
10 months ago
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Mantas MažūnaPartnerships & Innovations
Just by quickly googling, I found this sentence, ”Apple takes 92% of smartphone market profits on just 20% of sales.” Probably it’s not precisely exact, but it reveals the concept. So it is far away from a monopoly.
10 months ago
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Justas JanauskasCEO @ Qoorio, Co-Founder @ Vinted, Angel Investor
I agree with your point, that my examples don’t fit as those networks are currently regulated. However, my point was that EU wants to regulate other kinds of unregulated digital networks for the same reasons currently regulated networks were regulated when they were unregulated.
10 months ago
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Justas JanauskasCEO @ Qoorio, Co-Founder @ Vinted, Angel Investor
We will not figure out the truth in this discussion, I think the author of the article nicely said: “To repeat: a result will take ages, and small armies of lawyers and lobbyists will now go to work. But this has the potential to be the biggest EU competition inquiry in years, conducted, no doubt, to the usual jeers from Washington and Silicon Valley that Vestager is on an anti-US mission. She usually wins, though.”
10 months ago
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Mantas MažūnaPartnerships & Innovations
Well said Justas; even your excerpt addresses the complexity of this question, for sure there are valid arguments on both sides. I’m just sometimes a bit afraid of these over-protection policies that we are implementing in the EU. That might affect our innovations as economic growth negatively in the long term. Thus my views are towards the free-market.
10 months ago
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Justas JanauskasCEO @ Qoorio, Co-Founder @ Vinted, Angel Investor
We are both here for a free market, free consumers’ choices, innovation and economic growth.
10 months ago
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10 months ago
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Thomas DesimpelAngel Investor, Polyglot, Real Estate Investor
☝️it does not solve the problem, but at least it's interesting to have some background literature.
10 months ago
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Justas JanauskasCEO @ Qoorio, Co-Founder @ Vinted, Angel Investor
Thanks !
10 months ago
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