Amazon competitor Shopify cuts app store fees for developers on first $1 million in revenue
Shopify, the ecommerce platform companies can use to host online stores,announcedon Tuesday that it's lowering the share of revenue it collects from developers that publish apps on its app store.Developers will keep 100% of their revenue from the first $1 million they make on Shopify's app store, starting Aug. 1. The benchmark will reset each year, the company said.Shopify made the announcement during its annual conference for developers,Shopify Unite, which ended Tuesday.During a presentation,
The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.The broad market index ticked up less than 0.1% to 4,291.80, good enough for its fourth-straight record close. The Dow Jones Industrial Average finished with a gain of about 9 points after being up more than 100 points earlier in the session, closing at 34,292.29. The tech-heavy Nasdaq Composite added ab