Snap is paying Google $400M a year for cloud services

Over the next five years, the company behind Snapchat will pay Google at least US$2 billion in cloud bills.
snapchat snapbotOn 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.

Comments

Post a Comment

Popular posts from this blog

Varsity challenges youths on technology advancement

Image
As Nigeria hopes to revive the economy through the non-oil sector, especially through the Information and Communications Technology (ICT), students and youths have been challenged to take up skills in technology. Making this charge is the Vice Chancellor of The Paul University Awka, Venerable Prof  Uche Isiugo-Abanihe, when the school joined the world to mark her first ever Computer Science Education Week. Technological innovation is not just for computer science study, as there is hardly any sector in Nigeria that can flourish today without ICT, which is a potent tool to lift the nation out of recession if fully embraced by the youths, who make up the highest percentage of Nigeria’s population. He applauded the feats of the students of Paul University, who built mobile and web apps to meet the needs and solve societal problems. While applauding the Founder of Women in Technology of Nigeria (WITIN), Mrs. Martha Omoekpen Alade, for bringing the Young Coders Club to
Read more

Uber suspends self-driving cars after Arizona crash

Image
Uber has pulled its self-driving cars from the roads after an accident which left one of the vehicles on its side. Pictures posted online showed the car on its right side on an Arizona street, next to another badly damaged vehicle. The car - a Volvo SUV - was in self-driving mode at the time of the crash, on Friday, Uber said. No one was hurt.
Read more

YouTube ditches unskippable 30-second ads

Image
YouTube is to scrap "unskippable" 30-second advertisements on the video-streaming service, from 2018. Google  confirmed the plan  to the BBC's Newsround programme, saying it wanted to focus on "formats that work well for both users and advertisers". Long unskippable adverts are seen as a nuisance by many viewers, and Google has introduced shorter formats. One media agency said the move reflected the difference between online video and linear television services. Read more
Read more