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

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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. https://cnb.cx/2XZp7ep

“Our goal is to provide partners with the best platform and most competitive incentives in the industry,” a Google spokesperson told CNBC in an email. “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.”

Google did not respond to a Reuters request for comment.

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.