regs to riches

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🗞️The App Store is the Most Powerful Tech Regulator
www.regs2riches.com

🗞️The App Store is the Most Powerful Tech Regulator

Financial Post

Vass Bednar
Sep 22, 2020
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🗞️The App Store is the Most Powerful Tech Regulator
www.regs2riches.com

💭 Many have mused about the potential for a new global technology regulator. I wonder if we already have a couple.

Is the App Store a policymaker? Head on over to the Financial Post (or buy one!) and let me know what you think. 👇

Twitter avatar for @financialpost
Financial Post @financialpost
Opinion: Apple and Google have become de facto regulators. Let's make them work for us financialpost.com/opinion/opinio…
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11:34 AM ∙ Sep 22, 2020

🏛️ regs to riches 💰

  • Google Play and the App Store effectively determine what apps are on the market in a way equivalent to a national agency like the US’s Food and Drug Administration (FDA) or Health Canada. In this way, they are performing the role of a (pseudo) regulator. 

  • Monetized mobile applications *already* pay a digital tax (of sorts) - to Apple [30% of their in-app revenue]. These funds go to a private corporation and not to the (or any) state. 

  • The gatekeeping function of mobile stores may lead us to conflate what is popular with what is “proper.”

  • There may be an opportunity for tighter alignment between these digital stores and governments, as Apple continues to update App Store policies.

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🗞️The App Store is the Most Powerful Tech Regulator
www.regs2riches.com
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