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

Stock MarketsSep 26, 2021 01:00PM ET
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© Reuters. FILE PHOTO: A sign is pictured outside a Google office near the company's headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo

(Reuters) -Alphabet Inc's Google (NASDAQ:GOOGL) 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.

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

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Comments (3)
Millennial Metals
Millennial Metals Sep 26, 2021 2:35PM ET
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The world would be a better place without Google
Mohd Izhar Muslim
Mohd Izhar Muslim Sep 26, 2021 2:08PM ET
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that sounds greatly
Kevin Avila
Kevin Avila Sep 26, 2021 12:56PM ET
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Google need to step up… this is a good start. 10 years ago I thaought google would be dominant over almost all tech related business. I see the opposite happening. They are losing their grasp and more than half the endeavors they have… including a major one. Browsers are moving to privacy. Duck duck go will take over more than 30% of traffic from Google by the end of 2022…
Kevin Avila
Kevin Avila Sep 26, 2021 12:56PM ET
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Sorry for the misspellings… I have fat thumbs… I need to start using my iPad instead of my iPhone 12 Pro Max…
Nathaniel Caler
Nathaniel Caler Sep 26, 2021 12:56PM ET
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I hope I got that right and that's a joke lol.
 
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