Advertisement
Canada markets open in 5 hours 3 minutes

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7312
    +0.0014 (+0.20%)
     

  • CRUDE OIL

    83.17
    +0.36 (+0.43%)
     

  • Bitcoin CAD

    87,591.61
    -3,476.56 (-3.82%)
     

  • CMC Crypto 200

    1,362.58
    -20.00 (-1.45%)
     

  • GOLD FUTURES

    2,338.50
    +0.10 (+0.00%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,491.00
    -173.50 (-0.98%)
     

  • VOLATILITY

    16.18
    +0.21 (+1.31%)
     

  • FTSE

    8,086.18
    +45.80 (+0.57%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6816
    -0.0003 (-0.04%)
     

UPDATE 1-Google to slash amount it keeps from sales on its cloud marketplace- CNBC

Reuters
·1 min read

(Adds Google's comment)

Sept 26 (Reuters) - Alphabet Inc's Google will take a smaller cut when customers buy software from other vendors on its cloud marketplace, CNBC reported on Sunday.

The Google Cloud Platform is cutting its percentage revenue share to 3% from 20%, CNBC said, citing a person familiar with the matter. https://cnb.cx/2XZp7ep

"Our goal is to provide partners with the best platform and most competitive incentives in the industry. We can confirm that a change to our Marketplace fee structure is in the works and we'll have more to share on this soon," a Google Cloud spokesperson said in a statement to Reuters.

ADVERTISEMENT

Earlier this year, Google cut the service fee it charges developers on its app store by half on the first $1 million they earn in revenue in a year.

(Reporting by Juby Babu in Bengaluru; Editing by Daniel Wallis)