By , NEW YORK (Reuters) - GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock.GameStop said Bell’s resignation was not due to any disagreement with the company relating to its operations, including accounting principles and practices.However, a source said that while Bell’s exit was unrelated to the recent wild swings in GameStop’s stock spurred by retail traders on the Reddit social media site, his departure was initiated...…By , NEW YORK (Reuters) - GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock.GameStop said Bell’s resignation was not due to any disagreement with the company relating to its operations, including accounting principles and practices.However, a source said that while Bell’s exit was unrelated to the recent wild swings in GameStop’s stock spurred by retail traders on the Reddit social media site, his departure was initiated...WW…

By , Apple takes a 30% cut of most purchases made on the App Store, although the commission drops to 15% for subscriptions that remain active for more than a year.The iPhone maker said developers will automatically get the lower 15% rate if they generate $1 million or less in proceeds - defined as the portion of store purchases that the developer keeps - in a calendar year.“This would be something to celebrate were it not a calculated move by Apple to divide app creators and preserve their monopoly on stores and payments, again breaking the promise of treating all developers equally,” Epic...…By , Apple takes a 30% cut of most purchases made on the App Store, although the commission drops to 15% for subscriptions that remain active for more than a year.The iPhone maker said developers will automatically get the lower 15% rate if they generate $1 million or less in proceeds - defined as the portion of store purchases that the developer keeps - in a calendar year.“This would be something to celebrate were it not a calculated move by Apple to divide app creators and preserve their monopoly on stores and payments, again breaking the promise of treating all developers equally,” Epic...WW…

By , (Reuters) - Tesla Inc was set to add about $50 billion to its market value as the electric car-maker’s shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset the impact of a global shortage in auto parts.The stock jumped nearly 8% in pre-market trading and it was on track to hit its highest in over a month.The company said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.Analysts remained hopeful as despite a global chip shortage that has...…By , (Reuters) - Tesla Inc was set to add about $50 billion to its market value as the electric car-maker’s shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset the impact of a global shortage in auto parts.The stock jumped nearly 8% in pre-market trading and it was on track to hit its highest in over a month.The company said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.Analysts remained hopeful as despite a global chip shortage that has...WW…

By , (Reuters) - Alphabet Inc’s Google will cut the service fee it charges developers on its app store by half on the first $1 million they earn in revenue in a year, after a similar move by rival Apple Inc last year.Both the companies have come under fire from large firms such as Microsoft Corp, Spotify Technology SA, as well as startups and smaller companies, that allege the fees deprive consumers of choices and push up app prices.Google said in a blog post on Tuesday that it would cut app store fees to 15% from 30% effective July 1, a move that would impact most of the developers on its...…By , (Reuters) - Alphabet Inc’s Google will cut the service fee it charges developers on its app store by half on the first $1 million they earn in revenue in a year, after a similar move by rival Apple Inc last year.Both the companies have come under fire from large firms such as Microsoft Corp, Spotify Technology SA, as well as startups and smaller companies, that allege the fees deprive consumers of choices and push up app prices.Google said in a blog post on Tuesday that it would cut app store fees to 15% from 30% effective July 1, a move that would impact most of the developers on its...WW…

By ADT shares nearly doubled to hit a high of $17.2 and traded well above their IPO price of $14 for the first time since going public in 2018, briefly valuing the company at about $13 billion.ADT said on Monday that the two companies would work on ways to package popular Google products like Home Mini, Nest Thermostat and Nest Wifi with ADT’s strength in installation and maintenance.“Later this year, we will begin integrating Google devices and make them available for installations to our customers,” ADT Chief Executive Officer Jim DeVries told Reuters.“We will exclusively support Nest...…By ADT shares nearly doubled to hit a high of $17.2 and traded well above their IPO price of $14 for the first time since going public in 2018, briefly valuing the company at about $13 billion.ADT said on Monday that the two companies would work on ways to package popular Google products like Home Mini, Nest Thermostat and Nest Wifi with ADT’s strength in installation and maintenance.“Later this year, we will begin integrating Google devices and make them available for installations to our customers,” ADT Chief Executive Officer Jim DeVries told Reuters.“We will exclusively support Nest...WW…

By ADT shares nearly doubled to hit a high of $17.2 and traded well above their IPO price of $14 for the first time since going public in 2018, briefly valuing the company at about $13 billion.ADT said on Monday that the two companies would work on ways to package popular Google products like Home Mini, Nest Thermostat and Nest Wifi with ADT’s strength in installation and maintenance.“Later this year, we will begin integrating Google devices and make them available for installations to our customers,” ADT Chief Executive Officer Jim DeVries told Reuters.“We will exclusively support Nest...…By ADT shares nearly doubled to hit a high of $17.2 and traded well above their IPO price of $14 for the first time since going public in 2018, briefly valuing the company at about $13 billion.ADT said on Monday that the two companies would work on ways to package popular Google products like Home Mini, Nest Thermostat and Nest Wifi with ADT’s strength in installation and maintenance.“Later this year, we will begin integrating Google devices and make them available for installations to our customers,” ADT Chief Executive Officer Jim DeVries told Reuters.“We will exclusively support Nest...WW…

By , (Reuters) - Uber Technologies Inc on Monday said it would acquire Postmates Inc for $2.65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time when the coronavirus has pummeled its core ride-hailing service.The all-stock deal, still subject to regulatory approval, would give Uber a roughly 30% share of the U.S. food delivery market, trailing only rival DoorDash, which commands some 45%, according to analytics firm Second Measure.Uber said both companies’ boards have approved the deal, for which Uber currently...…By , (Reuters) - Uber Technologies Inc on Monday said it would acquire Postmates Inc for $2.65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time when the coronavirus has pummeled its core ride-hailing service.The all-stock deal, still subject to regulatory approval, would give Uber a roughly 30% share of the U.S. food delivery market, trailing only rival DoorDash, which commands some 45%, according to analytics firm Second Measure.Uber said both companies’ boards have approved the deal, for which Uber currently...WW…