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Gap shares fall after threat
Donald Trump: Support for cans
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Shortnews
Gap shares fall after threat
Kanye West's threat to walk away from his fashion company's fledgling partnership with the Gap has sent shares sharply lower. Gap's stock fell nearly 6% following West's comments. Videos taken at the event show the rapper criticizing Gap and Adidas, another apparel company his Yeezy brand partnered with. West noted he was not on either company's board. "That has to change today or I walk away," he said. The Yeezy deal could give Gap a much-needed financial and creative boost.
Donald Trump: Support for cans
Trump is showing his support for Goya Foods on Instagram, as the company faces a boycott after its CEO praised the president at a recent White House event. Trump shared a picture of himself in the Oval Office, flashing two thumbs up while displaying several Goya products on the Resolute Desk. Earlier today, the president claimed in a tweet that Goya, the largest Hispanic-owned food company in the US, was financially benefitting from the boycott. That tweet came a day after Trump’s daughter and senior adviser, Ivanka Trump, showed her support for the company by tweeting a photo of herself with a can of Goya beans.
Rage and insurrection from developers
Apple is facing a sudden public backlash from developers large and small against the tax it imposes on some in-app purchases. Though apps can be hosted on the App Store for free, Apple charges a commission of 15% to 30% on certain purchases made in the app. If, for example, you buy a premium Spotify subscription through Spotify's iOS app, Apple takes a 30% cut. The same fee applies to other digital-content purchases, such as virtual items or e-books. This week, a buzzy new subscription email service called Hey said Apple was trying to strong-arm it into integrating in-app purchases so it could get this commission. Hey, which comes from Basecamp and costs $99 a year, doesn't let you subscribe or pay inside the iOS app.
