Google lowers Play Store fees to 15% on subscription apps, as low as 10% for media apps – TechCrunch

Google is lowering commissions on all subscription-based businesses on the Google Play Store, the company announced today. Previously, the company had followed Apple’s move by reducing commissions from 30% to 15% on the first $1 million of developer earnings. Now, it will lower the fees specifically for app makers who generate revenue through recurring subscriptions. Instead of charging them 30% in the first year, which lowers to 15% in year two and beyond, Google says developers will… Source link

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Google slashes service fees in app store after similar move by Apple

Sundar Pichai, Google testifies at congressional hearing, March 25, 2021. CNBC Google said on Thursday that it’s lowering service fees in its app store after a similar move by Apple, as both companies face pressure from lawmakers and regulators to make their mobile stores more accessible to developers. The service fee for subscriptions in the Google Play store will drop from 30% to 15% from day one, Google said in a press release. Under the current model, developers must pay a 30% cut on… Source link

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Oil Declines by Most Since August Amid Global Growth Fears

(Bloomberg) — Oil slid by the most since August, falling from overbought territory amid concerns around global economic growth. Most Read from Bloomberg Futures in New York declined as much as 3.2% on Thursday after holding at the highest since 2014 this week. Technical indicators have signaled oil has been due for a pullback since earlier this month. Meanwhile, the resurgence of lockdowns in Eastern Europe and Russia due to rising coronavirus cases are threatening the global economic… Source link

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Google will make it easier to separate your work and personal life on Android

Google’s Work Profile tool for Android, which lets you hide your work apps and data with the flip of a switch and keeps your personal phone use safe from your company, will be coming to more users next year. According to a blog post from the company, currently, the feature is limited to phones that your organization manages, but Google says it’ll start to become available to people using Google Workspace in 2022. After that, it’ll branch out with the ultimate goal of letting anyone… Source link

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Google lowers Play Store fees for subscriptions and music streaming apps

As regulatory pressure on the Play Store for Android increases, Google is once again making changes to its business structure. It has announced that more categories of apps will be eligible to pay significantly less than the usual 30 percent fee. The company is announcing that all subscription-based apps will now pay a fee of 15 percent. It’s also says that “ebooks and on-demand music streaming services” will be “eligible” for a fee “as low as 10%.” Google’s stated reason… Source link

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Tesla just did something stunning, analysts say

Tesla’s first quarterly earnings call on Wednesday night without CEO Elon Musk (by his own design) was as boring as watching a Pinto head down a quarter mile track for time.  But Wall Street pros say that the lack of Musk’s presence didn’t really matter, the more important thing is that Tesla (TSLA) continues to squeeze out more profits from each vehicle it makes.  “Tesla reported particularly strong 3Q21 operating performance, delivering its highest auto gross margins since Model 3 was… Source link

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Google is ‘all in’ on health care, again

Alphabet‘s Google is “still all in on health,” according to its chief health officer, despite the demise of its recent attempt at a formalized business unit for the health-care sector. The tech giant founded Google Health in 2018 and at one point grew it to 500 employees, but dissolved the unit in August. The department was established to head the tech company’s health strategy but Google faced backlash in recent years over the intersection of Google, AI and health data.  Google’s previous… Source link

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‘Investing in crypto is now something thematic’: Grayscale CEO

Bitcoin (BTC-USD) smashed its previous all-time high of just under $65,000 on Wednesday — just a day after the launch of ProShares’ Bitcoin Strategy ETF (BITO) on Tuesday, Oct. 19. In light of these developments surrounding bitcoin, Grayscale CEO Michael Sonnenshein believes that investment in crypto shows no signs of stopping. “Well, the asset class is here to stay, and investors have a general appreciation of that. Investing in crypto is now something thematic, right?” Sonnenshein… Source link

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