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Spotify logo. Photo: Jaap Arriens/NurPhoto via Getty Images

Spotify CEO Daniel Ek wrote in a post Wednesday that the company filed a complaint against Apple with the European Commission claiming Apple's App Store tries to "deliberately disadvantage other app developers" by forcing a 30% tax on Spotify and other digital services and limiting communication to customers.

Why it matters: Netflix has been directing their users to subscribe in different ways than the App Store to avoid the exact same fees since at last August, Billboard reports. Though Apple Music is a competitor, Spotify claims Apple's App Store purposely makes it difficult for the developer. After the two companies couldn't work it out, Ek turned to the EC, which oversees fair and nondiscriminatory competition in business practices.

Go deeper

Dan Primack, author of Pro Rata
44 mins ago - Economy & Business

The Leon Black clock strikes midnight

Illustration: Sarah Grillo/Axios

Leon Black is "retiring" as CEO of Apollo Global Management, the alternative investment giant he has led since co-founding it in 1990. But he is not making a full break, as Black will remain chair of Apollo's board of directors.

Why it matters: This is the culmination of 18 months of head-in-the-sand obfuscation of Black's dealings with Jeffrey Epstein.

Reddit traders look to pummel Wall Street's old guard

Illustration: Sarah Grillo/Axios

Reddit traders are taking on Wall Street pros at their own game with this basic mantra: Stocks will always go up.

Why it matters: Their trades — egged on in Reddit threads — have played a role in historic market activity in recent days.

The week the Trump show ended

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Donald Trump was eclipsed in media attention last week by President Biden for the first time since Trump took office, according to viewership data on the internet, on social media and on cable news.

Why it matters: After Trump crowded out nearly every other news figure and topic for five years, momentum of the new administration took hold last week and the former president retreated, partly by choice and partly by being forced off the big platforms.