Apple Temporarily Stops Taking 30% Cut of Facebook Paid Events

Facebook secured a reprieve today in its ongoing spat with Apple over the latter company’s platform fees. Apple said on Friday that it will temporarily waive its 30% commission on Facebook paid events, a feature Facebook introduced in August allowing small businesses to set up paid virtual events. Apple’s stock closed 3.6% higher on Friday at $112.12, while Facebook’s rose 2.1% to $254.79.

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