Snap, Inc. Is Also Spending $1 Billion With Amazon AWS
Earlier today, Snap (NYSE: SNAP) filed its first amended S-1 with the Securities and Exchange Commission. Companies often modify their initial registration statements leading up to their IPOs, prior to issuing a formal prospectus. Prospective investors already knew tha #Snap is a big spender at #Alphabet ‘s(NASDAQ: GOOG) (NASDAQ: GOOGL) #GoogleCloud, which it relies on for its cloud infrastructure needs. Snap is unique in its continued use of third-party infrastructure vendors at the scale at which it is operating ; most companies invest in their own infrastructure once they grow to a point where it’s warranted. To a lesser extent, Snap also purchases infrastructure services from #Amazon .com ‘s(NASDAQ: AMZN) #AWS.