Name: TikTok Agreed to Buy More Than $800 Million in Cloud Services From Google
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TikTok Agreed to Buy More Than $800 Million in Cloud Services From Google

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Photo: Image by ShutterstockFor years, Google Cloud has languished in third place in the cloud computing market, with fewer marquee customers to boast of than rivals Amazon Web Services and Microsoft.&nbsp;Last week, though, word surfaced of a buzzy new customer for Google Cloud—TikTok, the app for sharing short videos that is the year’s runaway social media hit. The deal is a lucrative one for Google Cloud, The Information has learned. In a three-year agreement signed in May 2019, TikTok committed to buying more than $800 million of cloud services from Google over that period, according to a person with direct knowledge of the matter.&nbsp;Join now to read the full storyContinue with AppleorGet access to exclusive coverageRead deeply reported stories from the largest newsroom in tech.Latest Articles&nbsp;George Arison begins conversations about Grindr with euphemisms. While gay men largely use the app to find potential nearby sexual partners, Arison—who was announced as Grindr’s new CEO Tuesday—prefers to say that people use the app for “casual dating” and “casual encounters.” In fact, Arison says the business’ potential is more like a...Latest Briefs&nbsp;Patreon Lays Off 17% Of StaffChina Is Twitter’s Fastest Growing Overseas Ad Market Despite Being BannedPeloton Founder John Foley ResignsStay in the knowReceive a summary of the day's top tech news—distilled into one email.Access on the goView stories on our mobile app and tune into our weekly podcast.Join live video Q&amp;A’sDeep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.Enjoy a clutter-free experienceRead without any banner ads.Recent Popular Stories

Photo: Image by ShutterstockFor years, Google Cloud has languished in third place in the cloud computing market, with fewer marquee customers to boast of than rivals Amazon Web Services and Microsoft.&nbsp;Last week, though, word surfaced of a buzzy new customer for Google Cloud—TikTok, the app for sharing short videos that is the year’s runaway social media hit. The deal is a lucrative one for Google Cloud, The Information has learned. In a three-year agreement signed in May 2019, TikTok committed to buying more than $800 million of cloud services from Google over that period, according to...

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TikTok Agreed to Buy More Than $800 Million in Cloud Services From Google

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