Google to slash amount it keeps from sales on its cloud marketplace: CNBC
A sign is pictured outside a Google office near the company's headquarters in Mountain View, California, US on May 8, 2019.
PHOTO: Reuters file
PUBLISHED ONSeptember 27, 2021 4:36 AM
Alphabet Inc's Google will take a smaller cut when customers buy software from other vendors on its cloud marketplace, CNBC reported on Sunday (Sept 26) .
The Google Cloud Platform is cutting its percentage revenue share to three per cent from 20 per cent, 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.
READ MORE: Google suing India antitrust watchdog for investigation report leak