"Capitalism without competition is not capitalism; it is exploitation"
In brief: President Joe Biden gave the State of the Union address yesterday, setting his sights on some of tech companies' worst practices: excessive data collection, ads that target children, and monopolistic corporations that engage in anti-competitive behavior.
In context: Would you pay $10,000 for an app? Probably not, but the option for developers to charge that amount is being added by Apple. Cupertino says the change is to give devs more flexibility in how they price their apps globally, though it was actually one of the conditions of a class-action suit that Apple settled last year.