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

imageStock Markets34 minutes ago (Sep 26, 2021 01:00PM ET)

(C) 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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