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In this photo illustration the Duolingo logo seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Shares of app developers like Bumble, Duolingo and Roblox rose on Thursday after Google said it would reduce the company’s cut from subscriptions on its Android app store. The change by Google would cut the commission on recurring subscriptions through the Google Play store from 30% to 15%, a move that could significantly reduce costs for any company that makes a lot of… Source link

Tesla’s (TSLA) record profits for the fourth quarter are sending shares toward record highs. The next catalyst to take the stock up could be the electric vehicle giant’s autonomous program, Oppenheimer analyst Colin Rusch told Yahoo Finance Live. “Valuation is pretty substantial for the company, and it’s really predicated in our view, around their ability to deliver on the autonomous program,” he said. “We think the EV program where they’ve done a tremendous job and are continuing to make… Source link

Getty Effective Jan. 1, Google is decreasing the service fee it… Source link

Huh?! That was the general first hot take on the news that crossed the wires Wednesday afternoon that PayPal was exploring a deal to buy Pinterest. It was a logical initial reaction as PayPal is a payments platform that happens to own Venmo and is dabbling in crypto. And Pinterest lets you lay out your dream meal on a digital vision board.  But now that the news has sunk in, some on Wall Street are starting to see some merit to the deal even if it took 10 hours.  “We see technology companies… Source link

(Bloomberg) — Just days after launch, the first U.S. Bitcoin futures exchange-traded fund risks becoming too popular for its own good. Most Read from Bloomberg The Proshares Bitcoin Strategy ETF (ticker BITO) is already on track to breach a limit on the number of futures contracts it is permitted to hold by the Chicago Mercantile Exchange, according to data compiled by Bloomberg. After two days trading BITO owns nearly 1,900 contracts for October, and CME rules cap the number of front-month… Source link

The Federal Reserve on Thursday said it will tighten its ethics rules concerning personal finances among its most senior officials, the latest development in a trading scandal that has led to the resignation of two policymakers. The central bank said it has introduced a “broad set of new rules” that restricts any active trading and prohibits the purchase of any individual securities (i.e. stocks, bonds, or derivatives). The new restrictions effectively only allow purchases of diversified… Source link

Google said it planned to lower the cut it takes on subscription-based apps in its Play Store for devices running its Android software, in the latest concession to regulatory pressure challenging whether the company has overcharged developers. In a blog post on Thursday, Google said it would reduce its commissions on subscriptions for apps that users pay through its Play Store to 15 percent. Currently, Google takes a 30 percent cut for the first year of subscriptions and then lowers the rate… Source link

The Google logo is seen on on the company’s European headquarters in Dublin, Ireland, February 27, 2021. REUTERS/Clodagh Kilcoyne Oct 21 (Reuters) – Alphabet Inc-owned Google (GOOGL.O) said on Thursday it is lowering the fee that subscription-based apps need to pay Play Store to 15% right from day one, following criticism about its fee structure from companies such as Spotify (SPOT.N). Currently, developers pay a 30% subscription fee in the first year, and 15% thereafter. “We’ve heard that… Source link

Investors are chowing down on shares of newly minted publicly traded hot dog chain Portillo’s.  Shares of Portillo’s (PTLO) — a Chicago-founded outfit with a cult-like following across nine states — exploded more than 50% as investors ate up the stock on its first day of trading on Thursday.  “While we are a 58-year-old company, we are still infants when it comes to our growth inflection point,” Portillo’s CEO Michael Osanloo said on Yahoo Finance Live. Osanloo isn’t kidding when he said… Source link

Shares of Digital World Acquisition Corp (DWAC), the special purpose acquisition company which will merge with former President Trump’s social media company soared more than 270% on Thursday. Trading was briefly halted for volatility as retail investors piled on the stock.  Digital World Acquisition is one of the top trending tickers on Yahoo Finance. It’s also the #1 stock on Fidelity’s orders by retail customers, behind Tesla (TSLA). It is also the most mentioned ticker on Stockwits in the… Source link