The app economy is changing. Apple will be encouraging a subscription model, rather than the one-time purchase, by reducing its revenue cut on apps that have managed to hook a subscriber for at least one year. Now Google says it’s doing the same, without the one-year condition. Developers have complained the current model only works for a few blockbusters, while most apps barely make a profit. Subscriptions are the golden ticket of business – recurring revenue. Apple will also be introducing sponsored apps – aka ads – to the App Store.
The Bilderberg Group is having its 62nd reunion. (Hard to believe it’s been a year since Lynne Everatt introduced us to the super secret high school clique for world leaders.) This year, they meet in Dresden, Germany to discuss the precariat – those who live constantly on the edge of a cliff. The single mom a paycheck away from homelessness and the cleaning lady paid in cash; the Uber drivers, Airtaskers, Amazon packers; the 80-year-old Walmart greeter and the 16-year-old homeless subway dancer – a reality worlds away from Bilderberg……..read more