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.
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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.