And what we've learned is that, earlier this very week, Snap entered into a $400 million-a-year deal with the Google Cloud Platform, to provide the infrastructure and services that keep the Snapchat app running.
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Snap will pay Google at least $400 million a year for the next 5 years (GOOG, GOOGL)
Snap just filed for a $3 billion IPO, giving us a peek behind the curtain at the company that makes Snapchat.
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Google Cloud Platform is what technical types would call a "public cloud" service, where engineers like Snapchat's can pay by the minute for unlimited supercomputing services. remains one of the largest usersit's recently brought a data center specialist in house
Notably,
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