| Home : February 03 2017 Computer News : Snap is paying Google $400M a year for cloud services |
|
Snap is paying Google $400M a year for cloud services |
February 03, 2017
Over the next five years, the company behind Snapchat will pay Google at least US$2 billion in cloud bills.On Thursday, Snap revealed in a filing with the US Securities and Exchange Commission that it signed a five-year contract to pay Google at least $400 million a year for cloud services. That's a steep figure, considering that Snap made roughly $404 million last year. In return for the massive commitment, Snap will receive reduced pricing, though it’s not clear how deep the company’s discounts will be. Sinking a bunch of money into Google Cloud makes sense, because Snapchat began its life built on top of Google’s AppEngine platform-as-a-service offering.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/3164881/cloud-computing/snap-is-paying-google-400m-a-year-for-cloud-services.html#tk.rss_all
|
|
|
|
|
