Apple Decides to Waive 30% Cut of Paid Events on Facebook, but Only for 3 Months

Apple Decides to Waive 30% Cut of Paid Events on Facebook, but Only for 3 Months

After weeks of verbal back-and-forth, Apple (NASDAQ: AAPL) has agreed to waive its 30% take of paid events hosted on Facebook (NASDAQ: FB). In an effort to help businesses adapt to the times, Facebook had already said it wouldn't charge its own fees until the summer of 2021. Apple's decision comes with some caveats, though.