Advertisement
Canada markets open in 1 hour 15 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

    0.7310
    +0.0012 (+0.17%)
     

  • CRUDE OIL

    83.09
    +0.28 (+0.34%)
     

  • Bitcoin CAD

    87,602.98
    -3,427.19 (-3.76%)
     

  • CMC Crypto 200

    1,358.29
    -24.28 (-1.76%)
     

  • GOLD FUTURES

    2,342.00
    +3.60 (+0.15%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,478.50
    -186.00 (-1.05%)
     

  • VOLATILITY

    16.27
    +0.30 (+1.88%)
     

  • FTSE

    8,098.19
    +57.81 (+0.72%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6819
    0.0000 (0.00%)
     

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

Reuters
Updated ·1 min read
FILE PHOTO: A sign is pictured outside a Google office near the company's headquarters in Mountain View, California

(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.

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)