Apple, Google refuse to bend app store policies for Fortnite

What to read today: US Banking Tech Spend Forecast: In this report, Insider Intelligence explores underlying factors we expect to impact on US banks' IT/tech spending through the entire forecast period, including cybersecurity spending, IT infrastructure maintenance, and economic slowdown..

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August 22, 2020 Apple's and Google's app store fee policies are turning more companies against them. Apple and Google booted the ultra-popular video game "Fortnite" from their respective app stores last week, after its parent company, Epic Games, attempted to steer gamers to a direct payment system that circumvented the 30% fee levied by the tech giants. By banning "Fortnite," Apple and Google will dissuade other companies from attempting to avoid the 30% fee, but they will also attract greater regulatory scrutiny. And with more commerce moving to mobile in response to the pandemic, we think powerful companies will join Epic in pushing back against the 30% fee policy. Business Insider Intelligence's Hirsh Chitkara has the full story. BRIEFING HIGHLIGHTS USPS is adding holiday surcharges for the first time The United States Postal Service is introducing price increases from October 18 through December 27, a tactic that has been used by FedEx and UPS. Read More → Amex's Kabbage acquisition gives it an advantage over other players American Express is acquiring Kabbage, which will bolster its credit assessment capabilities and give it an advantage over other legacy players. Read More → Epic Games, Spotify, Sonos coalition may demand concessions from Apple Epic Games reached out to Spotify and Sonos to challenge Apple's fee policy, and with enough bargaining power they may demand concessions from Apple. Read More → Johnson & Johnson supports telehealth startup Thirty Madison Johnson & Johnson's $47 million investment in startup Thirty Madison signals pharma's swelling interest in the digital health space. Read More → Ad revenues for AVOD streaming platforms grew by nearly a third in Q2 Ad-supported video-on-demand platforms saw strong growth in ad revenues last quarter, a bright spot in the overall ad market during the pandemic. Read More → Insurtech software provider Vertafore is set to be acquired Vertafore, an SaaS provider to the property and casualty insurance industry, is set to be acquired by Roper Technologies for $5.35 billion in Q3. Read More → Chinese P2P investors have lost $115 billion in regulatory crackdown The Chinese Banking Regulatory Commission's crackdown on the P2P lending industry has resulted in over $115 billion owed to investors in unpaid debt. Read More → US podcast ad spend still set to surpass $1 billion next year US podcast ad spend will grow 10.4% to $782 million this year, compared with a 17% drop in the overall digital radio ad industry. Read More → JPMorgan Chase floats idea of placing ATMs in US post offices JPMorgan Chase has discussed with the US Postal Service the idea of installing ATMs in post offices, which would play into its growth strategy. Read More → Alibaba Cloud's future is still bright, despite US efforts to thwart its growth Alibaba Cloud's fortunes are tied to China's cloud market, which has the potential to grow at a much faster rate than the US cloud market. Read More → RESEARCH IN FOCUS US Banking Tech Spend Forecast In this report, Insider Intelligence explores underlying factors we expect to impact on US banks' IT/tech spending through the entire forecast period, including cybersecurity spending, IT infrastructure maintenance, and economic slowdown. Get the full report → Coronavirus and 5G Deployment The coronavirus has preempted standards meetings, occupied the attention of network operators and regulators, and disrupted global technology supply chains, and it will delay global 5G rollouts by anywhere from six months to several years as network expansions are halted and new deployments are placed on hold. This report looks at how the pandemic and the subsequent fallout will slow the rollout of global 5G networks. Get the full report → The Global E-Commerce Landscape Insider Intelligence examines the effects of the coronavirus pandemic on the development of the e-commerce markets in India, Indonesia, Mexico, and Nigeria. The report lays out the major e-commerce players in each country to examine the level of competition in the four markets. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Business Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Service  |  Privacy Policy © 2020 Insider Inc. 1 Liberty Plaza, New York, NY 10006