Google to slash amount it keeps from sales on its cloud marketplace
Google to slash amount it keeps from sales on its cloud marketplace
(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.
"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.
