Snap signed five-year, US$2bil deal to use Google’s Cloud

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.