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

  • 9/26/2021
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Sept 26 (Reuters) - Alphabet Inc"s (GOOGL.O) 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. read more

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