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The filing says: > On January 30, 2017, we entered into the Google Cloud Platform License Agreement. Under the agreement, we were granted a license to access a
by asperous 10y ago
The filing says:
> On January 30, 2017, we entered into the Google Cloud Platform License Agreement. Under the agreement, we were granted a license to access and use certain cloud services. The agreement has an initial term of five years and we are required to purchase at least $400.0 million of cloud services in each year of the agreement, though for each of the first four years, up to 15% of this amount may be moved to a subsequent year. If we fail to meet the minimum purchase commitment during any year, we are required to pay the difference.
- X-Istence 10y ago> If we fail to meet the minimum purchase commitment during any year, we are required to pay the difference. Being frugal until you hit the $400MM doesn't matter anymore...
- CamelCaseName 10y agoInteresting, so more like 340MM, 391MM, 399MM, 400MM, 471MM. That's a lot for the first year. Not much scaling at all. Why would they structure it like this?