Pinterest, like Lyft, is under a massive Amazon Web Services contract.
, Pinterest has revealed the terms of a long-term contract with Amazon Web Services.
The contract was first signed in May, 2017, and requires Pinterest to spend at least $750 million on Amazon Web Services by July, 2023. Like, AWS hosts the majority of Pinterest's software and apps on its market-leading cloud, according to the filing. In the filing, Pinterest says that expects to use up the remaining $441.1 million which is good because, per the deal, Pinterest would have to pay the difference between what it actually spent and the $750 million mandated by the contract.
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