Google Cuts App Subscription Commissions from 30% to 15%
Google announced they will reduce app subscription commissions from 30% to 15%, effective January 1, 2022.
Weekly Subscription News: Raising Money, Ransomware and Rivals
Steam bans video games selling crypto and NFTs, Sinclair TV hit with ransomware, Spotify & Pandora attract most U.S. audio listeners.
FTC Fights Fake Reviews and Testimonials
The FTC is fighting back on false endorsements and fake testimonials, sending 700+ companies warning letters.
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LinkedIn to Shutter Professional Networking Platform in China
Later this year, LinkedIn will shutter its professional networking platform in China and replace it with a standalone InJobs app.
Mindbody Announces Acquisition of ClassPass and $500M Investment
Last week, Mindbody announced its acquisition of ClassPass and a $500 million investment from Sixth Street.
Weekly Subscription News: Agreements, Acquisitions and Outages
Facebook CTO apologizes for outage; Chargebee acquires RevLock; Twitch and NMPA finally reach an agreement.
Ongo Launches New Platform for Health and Wellness Creators
Ongo launches a new platform for health and wellness creators, following a $3.5M seed funding round.
American Express and Extend Partner to Offer Virtual Payments
American Express and Extend have announced a partnership to enable virtual payments for AmEx business card members.
Weekly Subscription News: Wine, Watchdogs and Winning
Baltimore Ravens launch wine club, Washington Post debuts Zeus Prime, and FTC urged to pass privacy rules.
Adobe Reports Record Revenue of $3.94B in Q3 FY2021
Adobe reports record revenue of $3.94 billion for Q3 of FY2021, representing 22% growth year-over-year.
