Google cloud buying market share
GCP (Google Cloud Platform) is apparently giving more than 50% discounts and a bunch of services to support Snap. This was partially revealed in Snap’s IPO and partially uncovered by the Information’s sources. Snap in turn has agreed to spend at least $400M/year on Google. Snap is Google’s (GCP’s) biggest customer and rumored to be 1/3 to 1/4 of its total revenue.
It shouldn’t come as a surprise, but it was a nice reminder of how competitive the public cloud battle continues to be.