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This position would be reasonable if the app stores took 5% but they are a duopoly which take 30%. Visa/Mastercard are in a similar duopoly position clipping th
by brikym 2y ago
This position would be reasonable if the app stores took 5% but they are a duopoly which take 30%. Visa/Mastercard are in a similar duopoly position clipping the ticket but at least insure their customers.
- Eddy_Viscosity2 2y agoDoes that mean that Google has to return that 30% of the scammers revenue and return it to the people who were scammed?
- kibwen 2y agoDo you think that Google forfeits the ad revenue that they receive from selling scam ads? Nah, that goes right into Sundar's pocket.
- CuriouslyC 2y agoIt's going to give me so much joy when he gets fired.
- 8organicbits 2y agoAd revenue forfeit does happen, rarely [1], but I think you really need fines. Otherwise its in their favor to collect revenue criminally and occasionally forfeit some. [1] https://www.justice.gov/opa/pr/google-forfeits-500-million-generated-online-ads-prescription-drug-sales-canadian-online https://www.justice.gov/opa/pr/google-forfeits-500-million-g...
- oatmeal1 2y agoNot sure Google gets a cut of uploaded crypto.
- f6v 2y agoI doubt she deposited so much via in-app purchases. Financial apps don’t have to use them.
- Aeolun 2y agoMastercard and Visa often take less than two percent though.
- izacus 2y agoSo taking commision from a sale now makes you police, judge and enforcer of laws?
- rafaelmn 2y agoYes - when your argument for insanely high margins (look at net profit and compare to market average) is that you are locking down the store for the benefit of the user and not to abuse your monopolistic position. Either they are abusing market position to prevent competition on the store (eg. linking to custom payment providers) or they are doing it to guarantee customer experience (Apple fanboys are really big on this line) - in which case they are liable and it's priced in.