Apple is a bully with too much power in the markets, says Palantir co-founder Joe Lonsdale

Joe Lonsdale, 8VC founding partner and Palantir co-founder, joins 'Squawk Box' to discuss Apple's monopoly power in the app store, news of EU regulators accusing Apple of breaching the bloc’s tech rules, state of the 2024 race, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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[@JacobReynolds-t7v]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[@JoeWilmoth-k2w]

The strategies are quite rigorous for the regular. They are mostly successfully carried out by pros who have had a great deal of skills/knowledge to pull such trades off.

[@KacieLehman]

@@JoeWilmoth-k2w I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2020, I was having an investing nightmare before touching base with an advisor. In a nutshell, I've accrued over $2m with the help of my advisor from an initial $350k investment.

[@JacobReynolds-t7v]

@@KacieLehman Please can you leave the information of your investment advisor here? I'm in dire need of one.

[@KacieLehman]

@@JacobReynolds-t7v Victoria Carmen Santaella' is the licensed coach I use. Just research the name. You'll find the necessary details to work with a correspondence to set up an appointment.

[@JacobReynolds-t7v]

@@KacieLehman Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.

[@avagelatos]

Joe Kernan is constantly editorializing. You are a Trump supporter, we get it, we don't need to be reminded 20x a day with every interview guest.

[@7mpest]

100% he’s a clown. We should at least make him put on a clown nose when he’s pushing this rubbish

[@paulgilliland2992]

He’s actually not a Trump support he just hates democrats and the woke mob that hang around.

[@wm6746]

they are for Free Market, until they are not 😂😂😂😂😂😂😂😂

[@andreapigatto2762]

If there is no game with competitors what they should do? Introduce bugs to give them some advantage and wait for them? It’s like nvdia.. they are not monopolists.. simply they are too good compared to competitors in their market

[@webonics]

Joe can't make it through a segment without campaigning for Trump. Gross.

[@bthink3610]

The guy from palantir is going after apple is this an SNL skit?

[@francesco.b83]

I agree with him! In November we need to change! We need to vote for the right man 🇺🇸💪

[@tboogie44]

They cut off the best part of that segment. What Lonsdale said to end the segment was spot on.

[@IakonaWayne]

Joe looks evil

[@ericwood3709]

I thought this was going to be about Apple, not Trump. I don't want all Trump news all the time. I've had more than enough of that in the last two cycles.

[@Chris-o7r6v]

Apple is a saint compared to these guys

[@unitedstatesofpostamerica7559]

Aside from founders Fortune 500 CEOs may be the most cowardly, risk averse people in the world.

[@Empty7able]

Why doesn't Joe just go over to Fox

[@slytherben]

If not for EU, we'd all still be stuck with lightning cables. Thank God the EU FORCED Apple to switch to USB-C

[@MossMini]

EU has no innovations nor innovators. EU is run by Old Money Bearocrats only to protect them selves. Soon everything EU touches will be from America or China.

[@jiggs_1000]

Great environment for bureaucrats. Not great for business.

[@jiggs_1000]

@@wysiwyg1 Well said

[@plat809]

This guy is projecting what he is… he is a bully. Apple is just protecting their echo system.

[@AgathaWhispers]

How about the customer decide? This guys is a founder? All he is really saying that that business should make more money no matter the impact on actual paying customers? To recoup platform costs, Apple may have to start charging for IOS updates.

[@seiwonlee]

Joe, your covid wallet app made no sense, you need some gov't support/certification to validate what's in there, the same way a driver's license can't just be added to some app and automatically gain legitimacy.

[@JG_512]

Anyone in tech voting Trump clearly hasn’t done their homework.

[@JG_512]

Case and point: DJT

[@dannyward9766]

Wtf? I got on here to hear about Apple (I own the stock) and next thing I know it's turned to politics.

[@rtorcato]

This guy is jealous of Apple's success. Palantir should still be a $5 stock.

[@vetoproductions7071]

$504 you mean. They are raping Steve jobs's creation. cry harder

[@Koi-addict33]

Pltr will be over 100 by this time next year 💯👌🏻

[@rtorcato]

@@Koi-addict33 have you used their software or just going by KZbinrs pumping the stock?

[@7mpest]

Right wing MAGA dribble. CNBC should be better than this.

[@internationalplayboy8685]

CNBC is ultra liberal, that's how bad Biden is, even the liberals hate him.

[@briancase6180]

Yawn.... "I think a lot of people are saying...." Exactly what Trump says: "Many people are saying it." I can't believe CNBC stooped so low as to have this guy on their network, give him a platform. This is absolutely ridiculous.

[@jonathanlangford4291]

lot of triggered liberals

[@traviswes7082]

Majority of traders and market stakeholders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025

[@Mostly_bad]

Cry me a river! I didn't like Biden until I heard him talk.

[@Needglory23]

Cry baby

[@TESLAAEROSPACE]

Gret

[@kevinl20082008]

This guy si has some issues...

[@aliciamcphersony5025]

How stupid is this Palantir co-founder???? Got on CNBC for an interview and not say one thing about his company and what his company is doing for investors. Instead he focuses on his dislike of Apple business and got pulled into Joe’s BS on Trump. So disappointing because I was about to buy more Palantir stocks but not after this interview. He doesn’t seem very smart.

[@George-f8h]

I agree, and I'm a shareholder of Palantir. You're here to promote your company. I could care less about your political views. The same for Squawk Box. By the way, is it just me or is Joe Kernen having a hard time speaking a complete sentence these days? It's painful to watch him try to form a simple thought. The CEO has Martin Shkreli vibe.

[@zacharyfair6738]

that guy's smile in the first 10 sec looks so creepy lol

[@dgaz3057]

Gilligan

[@Maxdalova]

Everything is creepy! lol

[@jinny7303]

if u watch his interviews, hes got this weird thing where he can only look up at the camera but never straight at it.

[@HistoryRepeat]

@@jinny7303 its because he is a crook!!

[@idontwantone54]

Psycho vibes the whole time

[@motap001]

It’s capitalism. Leave it alone.

[@xiangweichen]

Wait... Even CNBC speaks for Trump? The tide is really turning!

[@vernearase3044]

Yet another rich guy willing to give up principles to curry political favor with the one candidate who _can_ be bribed. Palantir probably sees Apple getting into contextually aware applications on the consumer side, just like his company attempts to do the on the enterprise side. They are definitely competitors, though they aren't _currently_ operating in the same domains.

[@hussienalsafi1149]

☺️☺️☺️☺️

[@nicolasnicolas6468]

Worried that european regulators are pretty crazy? On What basis. Silly and an unfounded claim 😉

[@Sinh499]

Huh? This guy sounds crazy

[@flutist001]

What an awful discussion about Apple's (perceived) monopoly power in the App Store.

[@francesco.b83]

I agree with Joe

[@Nk32483]

The coke is good for today

[@paulgilliland2992]

Where is Sorken in the nice cool climate?

[@lppoqql]

With open source Model and power of compute getting cheaper, Palantir will become less relevant because some kid in a basement can do what they do now.

[@forretresss]

Palantir is a scam. What do they even do? Does he really think that criticizing Apple would make their company better?

[@Bradgilliswhammyman]

LOL.....Billionaires are rallying around the fact Trump is going to give them 1. more tax breaks at the expense of the middle class

[@internationalplayboy8685]

your mom loves Trump!