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Fortune

Jeff John Roberts

Elon Musk's shot at Apple's payment monopoly is right on the money

Elon Musk Apple Jack Dorsey Bitcoin Twitter Inc.

(Credit: Jordan Vonderhaar—Bloomberg/Getty Images)

As regular readers of this newsletter know, I'm no Elon Musk fan. But when the man is right, he's right. That's the case when it comes to the Tesla CEO's observation this week that, "If Apple competes against the whole world, Apple will have the whole world against it. This is not a winning scenario."

Musk's comment came in response to a tweet by Twitter cofounder Jack Dorsey who objected to a decision by Apple's CEO to remove the fledgling social network Damus from the company's app store on the grounds it let users send Bitcoin-based "tips" to each other. Dorsey replied to Musk, "indeed."

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