A Snap Inc. representative wears a Snapchat shirt while reviewing a resume during the TechFair LA job fair in Los Angeles, California, U.S., on Thursday, Jan. 26, 2017. Filings for U.S. unemployment benefits rose more than forecast last week amid holiday-related volatility, while remaining low by historical standards. Photographer: Patrick T. Fallon/Bloomberg
Snap Inc plans to spend US$2bil (RM8.85bil) with Alphabet Inc. over the next five years to use Google’s cloud-computing services, according to Snap’s initial public offering filing.
The social media firm also listed its dependency on Google as a key risk investors should consider before buying stock.
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