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E45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
All-In with Chamath, Jason, Sacks & Friedberg
Is This a Rake Too Far?
Apple said it would allow media aps to create inapt links to sign up pages on those compani's web sites, allowing the likes of spota fly and net flicks to buy past the iphone maker's cut of subscriptions. Sax iithink cramothis: Apple has this 30 % rake on inapt purchases. And like bill gurley said, it's a rake too far, right? Just because you can charge 30% doesn't mean you should charge 30%.
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