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Snapchat Owner to Add Cloud Services from Amazon

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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