Sen. Jon Ossoff called out Apple for its business practices this year, but the Georgia Democrat holds a stake in Apple stock worth millions, according to Senate financial disclosures.
As first reported by the Washington Free Beacon, Ossoff pushed Apple’s Chief Compliance Officer Kyle Andeer in a Senate hearing on why the company did not adequately regulate iPhone applications that are fraudulent. The senator was referring to fake software on the company’s app store that earns millions in subscription fees for developers. “Apple is making a cut on those abusive billing practices, are you not?” Ossoff asked Andeer.
The recent financial disclosure shows that Ossoff owns Apple stock that last year was worth between $1 million and $5 million. In fact, Ossoff has invested in Apple more than any other company that is publicly traded.
Upon Ossoff running for office, the GOP branded him as a “trust fund socialist” who has taken funding from a variety of controversial sources. From 2013 to 2021, Ossoff was the CEO of Insight TWI, a media company that has pulled funding from Communist-supporting Al Jazeera. The senator didn’t reference his Apple stake at the antitrust hearing.
Regardless of his attempts to question Andeer for fraudulent activity existing on the app store, Ossoff has yet to introduce a measure to combat it. The senator is still holding onto his Apple shares, which are worth $124.69 as of this writing. No stock transaction filings have occurred, and the Free Beacon noted it is “unclear” when the senator bought his shares. Apple was worth a mere $39 a share in early 2019.
Ossoff’s office did not immediately respond to a request for comment on his stake.