Spotify Rose Nearly 4% in Premarket Trading as Google Allowed Alternative In-App Payments for Spotify Users

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Spotify Rose Nearly 4% in Premarket Trading as Google Allowed Alternative In-App Payments for Spotify Users

Tiger Newspress2022-03-24

Spotify rose nearly 4% in premarket trading as Google allowed alternative in-app payments for Spotify users.Spotify has reached a deal with Google to offer an alternative payment method within its app for users, the latest sign of the weakening grip that app stores have over third-party software.

The streaming music service and Alphabet Inc.'s search giant announced the deal Wednesday, allowing Spotify's app within the Google Play Store to offer a choice between its alternative payment method and Google's own, which takes as much as a 30% share of revenue.

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Comment（5）

GuSen
·2022-03-25
Nice!
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Latu
·2022-03-24
this is great!
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ZenInv
·2022-03-24
An enemy is also an ally
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SRF
·2022-03-24
Excellent, both Google and Spot are worth buying.
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hitithard
·2022-03-24
K
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