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<\/p>\n
Sept 26 (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.<\/p>\n
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<\/a><\/p>\n \"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.<\/p>\n 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 <\/p>\n Reporting by Juby Babu in Bengaluru; Editing by Daniel Wallis<\/p>\n Our Standards: The Thomson Reuters Trust Principles.<\/p>\n <\/p>\n See the original post here: <\/p>\n Google to slash amount it keeps from sales on its cloud marketplace- CNBC - Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 Sept 26 (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 Continue reading