Technology

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

The Google Cloud Platform is cutting its percentage revenue share to 3% from 20%.   | Photo Credit: 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.

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The Google Cloud Platform is cutting its percentage revenue share to 3% from 20%, CNBC said, citing a person familiar with the matter.

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“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.


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Printable version | Oct 17, 2021 3:13:13 AM | https://www.thehindu.com/sci-tech/technology/google-to-slash-amount-it-keeps-from-sales-on-its-cloud-marketplace/article36689301.ece

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