The Open Network for Digital Commerce (ONDC), India’s open ecommerce protocol, is likely to begin charging platforms a ‘small fee’.
This fee will go towards the network’s’maintenance and development,’ according to T Koshy, managing director of the non-profit protocol, at the unveiling of the office headquarters in Delhi. While he did not specify the amount, Inc42 previously reported a 1.5% transaction fee from both the buyer and seller sides of the transaction. According to reports, this is still seven to ten times less than the typical online-selling commission rate of 23% to 28% on other ecommerce platforms.
Texas Attorney General Ken Paxton late on Thursday said he is suing online gaming platform Roblox over child safety concerns, accusing the company of “deceiving parents about the dangers of its platform.” Source link
OpenAI execs have been fielding plenty of questions about how they expect to pay for the $1.4 trillion worth of data center build-outs and usage commitments they’ve accrued this year, given that their revenue — while rising rapidly — is a $20 billion annual run rate, CEO Sam Altman said Thursday in a post on X. Source link
After Zohran Mamdani clinched the New York City mayoral race on Tuesday night, his campaign announced former FTC chair Lina Khan as one of the transition team’s four co-chairs. Source link
