Snapchat deal with Amazon

Snap Inc.’s updated S-1 filing with the Securities and Exchange Commission mentions a deal with Amazon’s cloud-computing arm that the company had not previously made public, Recode reported Thursday. According to the filing, Snap signed a five-year deal with Amazon Web Services last year, which will cost it $1 billion. Snap says the money will be spent on “redundant infrastructure support of our business operations,” but leaves the door open to dedicating money toward building its own infrastructure in the future.

Complete article: Snapchat deal with Amazon