Elon Musk is wary of Tim Cook, Elon Musk says that any problem should be solved peacefully, so we can say that Elon Musk is a good person, who thinks well of his enemies.
Elon Musk, the world’s richest man, declared war against Apple on 28 November. Get the report for free, the world’s largest company. The battle between the two giants had captivated business circles and social networks, with everyone taking sides and wondering which of the two giants was going to give up.
In a series of tweets, Musk accused Apple of becoming America’s censor of free speech. He claimed, without providing details and evidence, that the iPhone maker had threatened to stop distributing the Twitter app on the App Store. Elon Musk said on Twitter on November 28, “Apple has also threatened to remove Twitter from its App Store, but we won’t be told why.”
The obvious reason is that the two companies have different philosophies for managing misinformation and hateful, racist and anti-Semitic content. The billionaire also posted a photomontage showing a car before exiting a highway. The direction sign indicates that going straight will cost the car 30%, but leaving the highway will cause the vehicle to go into battle.
Elon Musk wrote that he was the vehicle. The 30% was a reference to the fee that the makers of the iPad and Apple Watch apply to in-app sales and purchases. Wedbush analyst Dan Ives commented, The Elon Musk vs Apple new battle is not what investors want to see. The Street wants less drama, not more because this Twitter situation is the gift that keeps on giving, each day a new chapter for Tesla Bear.
It seems that 48 hours later, Musk has just announced that he met with Cook on November 30 at Apple’s headquarters in Cupertino and that their dispute has now been resolved. Nice conversation, the techno king wrote on Twitter. Among other things, we cleared up some misconceptions about Twitter potentially being removed from the App Store.
He said: Tim [Cook] was clear that Apple never considered doing this. The serial entrepreneur also published another post with a video apparently taken at the Apple headquarters. Elon Musk: Thanks @tim_cook for taking me to the beautiful Apple HQ.
For a long time, the two rivals never turned to direct confrontation, preferring to challenge each other indirectly. But when Musk became the owner of Twitter (TWTR) – Get the free report on October 27, confrontation became inevitable. That’s because Apple is an app distributor, and its content policy diverges from the approach of Musk, who considers himself a free-speech absolutist, even when it comes to hate speech.
In the name of free speech, Musk has reactivated the account of former President Donald Trump and accounts known for their anti-transgender positions, such as the conservative satire site Babylon Bee and Canadian conservative psychologist Jordan Peterson. Musk also announced a general amnesty for all banned accounts after running a poll on the platform.
The problem is that this strategy conflicts with the philosophy of Apple and Alphabet. As app distributors, both Apple through the Apple Store and Google through Google Play, both companies have strict policies regarding hate speech. When people install apps from the App Store, they want to be sure that it is safe to do so.
iPhone makers have stated in the App Store guidelines that the app does not contain disturbing or offensive content, will not harm their devices, and is unlikely to cause physical harm from its use. If you want to scare and insult people, then the App Store is not the right place for your app.
The question now is whether peace will prevail between Musk and Apple. In the past, the billionaire made deals that he later rejected. It was a Twitter acquisition affair full of twists and turns. In October, Musk predicted that Tesla’s (TSLA) valuation would reach at least $4.5 trillion in the next few years – Free Reports.
According to companiesmarketcap.com, Apple is currently the most valuable company in the world, with a market value of $2.35 trillion at last check. Saudi Aramco, which is benefiting from rising oil prices, has a market value of $1.96 trillion.
Between them, the world’s two largest companies are worth $4.3 trillion. Currently, EV maker Tesla has a market capitalization of over $606 billion. The maker of electric vehicles at one point passed the indicative valuation threshold of $1 trillion.