Google Cloud Platform to cut revenue share to 3% from 20%

Google will take a smaller cut when customers buy software from other vendors on its cloud marketplace, CNBC reported.
Google Cloud at IT trade show
The Google Cloud Platform is cutting its percentage revenue share to 3 percent from 20 percent, CNBC said.

“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.