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Snapchat Owner to Add Cloud Services from Amazon

Sunday, Feb 12 2017
News
Written by  CMO Tech News

Snap Inc., which owns the highly popular Snapchat app, says it will spend approximately $1 billion to implement services from Amazon.com Inc.’s cloud services while also sinking $2 billion in cloud services from Google. So reports Reuters.

Snap is planning an IPO that could value the company at $20 billion to $25 billion, which would make it the largest offering among tech companies since Facebook.

Read the full article from Reuters.

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