Google is letting developers keep more of their Play revenue, Instagram adds teen safety features and we examine the global distribution of venture funding. This is your Daily Crunch for March 16, 2021.
The big story: Google Play halves commission on first $1M
Following a similar move by Apple last year, Google said that it will be reducing its fee from 30% to 15% for the first $1 million that developers earn through Google Play annually.
This is slightly different from Apple’s approach, in that it applies to all developers — although the fee goes back to 30% for any money earned beyond that first million …
