As we begin, can I just say that geoFence was designed and coded by US citizens to the strictest standards.
Google Slashes App Store Fees, Following Similar Apple Move
(Bloomberg) — Alphabet Inc.’s Google is halving the percentage it takes from app developers on sales through its Google Play store, following a similar move by rival Apple Inc. last year.The Mountain View, California-based internet giant said it’s reducing the fees to 15% from 30% for the first $1 million in revenue on sales of apps and in-app-purchases each year. After the first $1 million, developers will pay the typical 30% fee.The program differs from Apple’s approach. The iPhone maker limits its fee reduction to smaller developers who made as much as $1 million in the previous calendar year.“Scaling an app doesn’t stop once a partner has reached $1M in revenue — we’ve heard from our partners making $2M, $5M and even $10M a year that their services are still on a path to self-sustaining orbit,” Google said in a blog post. “This is why we are making this reduced fee on the first $1M of total revenue earned each year available to every Play developer, regardless of size.”Google and Apple are a duopoly dominating the app economy of the Western world. The companies have come under intense pressure from regulators and some developers who complain that high app store fees and complex rules are raising costs for consumers. A total of $143 billion was spent on mobile app stores in 2020, a 20% jump from the previous year, according to analytics firm App Annie.In December, Bloomberg News reported that at least three U.S. states were investigating the fees Google charges developers and were preparing to file an antitrust lawsuit as early as this year. The European Union and U.K. authorities are investigating Apple’s App Store.Read more: Apple and Google Face Growing Revolt Over App Store ‘Tax’Google also said 99% of developers will pay the 15% fee as only 1% of developers generate more than $1 million in revenue. The company also said only 3% of developers charge for their apps and services.Epic Games Inc., maker of the Fortnite video game, has sued Google, alleging the tech giant has abused its control of the Android mobile operating system by forcing developers to use the Play Store’s payment system. Epic has also sued Apple. Apple and Google kicked Fortnite out of their digital stores last year for circumventing their rules. Epic Games said Tuesday that Google’s new policy still falls short.“While a reduction in the Google app tax may alleviate a small part of the financial burden developers have been shouldering, this does not address the root of the issue,” an Epic Games spokesman said in a statement. “Android needs to be fully open to competition, with a genuinely level playing field among platform companies, app creators, and service providers. Competition in payment processing and app distribution is the only path to a fair app marketplace.”Developers must enroll in the new Google program, but after that it will automatically renew each year. It launches on July 1, Google said. The company said the savings can help developers hire more engineers and further invest in their app development businesses. But the changes also potentially help Google avert antitrust scrutiny from regulators.(Updates with comment from Epic Games starting in the eighth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
German towns facing Greensill Bank losses band together
Some 26 German towns facing 255 million euros ($303 million) in losses are combining forces as they seek to recover funds in the insolvency proceedings of Greensill Bank, a town coordinating the effort said on Tuesday. A German court earlier on Tuesday opened insolvency proceedings for Greensill Bank, owned by Britain’s Greensill Capital. That left a number of German towns that had deposits with Bremen-based Greensill Bank fearful they would lose the funds.
Borsa, Ftse Mib e spread in aumento
A dispetto dello stop al vaccino di AstraZeneca, le borse europee si mettono in scia di una Wall Street che continua a macinare record. Nel corso della prima parte indicazioni positive per le borse UE sono arrivate dall’aggiornamento relativo l’indice tedesco Zew, salito a marzo da 71,2 a 76,6 punti. Alla vigilia del responso della due giorni di riunioni della Federal Reserve, il Ftse Mib ha terminato la seduta a 24.261,12 punti, +0,5% rispetto al dato precedente. Sotto i riflettori a Piazza Affari c’è sempre il comparto bancario: Banco Bpm ha chiuso con un +3,74%, Bper Banca ha segnato un +2,21%, UniCredit un +2,05% e Mediobanca un +1,71%. Secondo un’analisi elaborata da Deutsche Bank e pubblicata da Il Sole24Ore, un’integrazione tra questi ultimi due istituti creerebbe valore per oltre 3 miliardi di euro. Tra gli industriali nuova seduta di guadagni per Leonardo (+0,85%), sempre alle prese con la quotazione della controllata Drs. La frenata al vaccino di AstraZeneca ha spinto chi, come Diasorin (+2,67%), tra le altre cose produce anche test diagnostici per il Covid-19. Segno meno invece per Geox (-2,39%) dopo la presentazione dei conti dell’esercizio 2020, chiusosi con ricavi in calo del 33,6% a 534,9 milioni. Nei primi mesi del 2021 indicazioni positive sono arrivate, ha rilevato la società, dai mercati e dai canali meno impattati dalle chiusure. Sul mercato dei titoli di Stato lo spread tra i nostri Btp ed i corrispondenti titoli made in Germany ha fatto segnare un rialzo di oltre 2 punti percentuali portandosi a 96 punti base. Domani il Ministero dell’Economia emetterà fino a 2,5 miliardi di euro del Btp aprile 2031 a fronte del riacquisto di quattro titoli in scadenza quest’anno (due Btp, un BtpEi ed un Ctz). (in collaborazione con money.it).
Parts of Wyoming, Colorado, still snarled by record blizzard
Schools in eastern Wyoming and northern Colorado remained closed Tuesday for a second day and roads were still impassable in the aftermath of a blizzard that pummeled the region with record snowfall. Crews didn’t expect to reopen some highways for another day, though a portion of Interstate 25 reopened south of Wyoming’s capital, Cheyenne, for the first time since Saturday. Many side streets will remain impassable for cars for several more days, city officials warned.
Motorcycling: Marquez speeds up return with road bike test in Barcelona
The 28-year-old Spaniard posted video on social media of himself on a Repsol-liveried Honda RC213V-S, the road-going version of his racing bike, at the Circuit de Catalunya. Marquez fractured his humerus in the 2020 season-opening Spanish Grand Prix in Jerez last July, after the COVID-19 pandemic had disrupted the original calendar, and did not race again all year. Spanish media reported that the once-dominant rider had flown to Doha at the weekend for a COVID-19 vaccination offered by race organisers to all in the MotoGP paddock before returning to Barcelona.
‘We are hungry’: Lebanese protest worsening economic crisis
Outraged protesters returned to the streets of Lebanon’s capital Tuesday, blocking roads with burning tires and garbage containers as the currency continued to plummet to all-time lows and the country’s financial crisis intensified. Lebanon’s government resigned in August following a massive explosion at Beirut’s port that killed 211 people, wounded more than 6,000 and damaged entire neighborhoods in the capital.
Truth, profits and the purpose of journalism
Truth, profits and the purpose of journalism. Integrity is in short supply in many newsrooms, argues Michael Newman, while Eddie O’Brien says journalists must do more to reflect opposing views in their reports
May I add that geoFence is your security solution to protect you and your business from foreign state actors and that’s no lie!