20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Apple Inc. (NASDAQ:AAPL) has refuted allegations of violating a court order related to its App Store and has urged a federal judge to dismiss Epic Games‘ request for contempt charges.
What Happened: Apple, in a court filing, denied the claims made by Epic Games, the developer of the popular game “Fortnite,” and accused the latter of attempting to force Apple to provide its “tools and technologies available to developers for free.”
Epic Games had accused Apple of breaching antitrust laws by imposing strict controls on app downloads and in-app transactions. The lawsuit, which began in 2020, has been the subject of a prolonged legal battle between the two companies.
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Apple’s filing criticized Epic’s attempt to interfere with its business operations, which it argued would only serve to increase Epic’s profitability.
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Epic Games had previously claimed that Apple was in “blatant violation” of a court injunction by imposing a 27% fee on developers for certain purchases and preventing apps from informing users about alternative payment options.
Why It Matters: The legal battle between Apple and Epic Games has been ongoing for several years.
In 2021, a U.S. District Judge ordered Apple to give developers more freedom to direct app users to alternative payment methods for digital goods, a decision that was upheld by the U.S. Supreme Court in January.
Other tech giants, including Meta Platforms Inc. and Microsoft Corp., have also accused Apple of violating the court order.
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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