Snapchat chooses London for international headquarters

The company behind teen sexting phenomenon Snapchat has chosen London for its international HQ. The Snap Group already has 75 staff here. The company cited proximity to the UK’s world-class creative sector, which in this context means digital adland. The ephemeral nature of Snapchat, which deletes photos after a short time …

[Anonymous Coward]

Translation

"The move has been seen as a further vote of confidence in London’s tech and media sector, "despite" the UK’s decision to leave the European Union"

Translate

The move has been seen as a further vote of confidence in London’s finacial money laundering and tax avoidence schemes., "despite" the UK’s decision to leave the European Union

[Anonymous Coward]

Re: Translation

You forgot to add,

In a location that will soon/eventually/maybe free from interference from Bruxelles.

Far easier to cough, cough strike a deal with HM Treasury so that they don't pay any Tax.

Personally, I'd rather the likes of Snapchat, Instagram etc to just fall into a hole and get burried but apparently some millenials like to use them.

[Dan 55]

Is this a U-turn on the Silicon Roundabout?

The move has been seen as a further vote of confidence in London’s tech and media sector, "despite" the UK’s decision to leave the European Union

I can't say I ever read much, if any, cheerleading for the Silicon Roundabout from Andrew before Brexit. What event has occurred to make it worthy of pompoms and confetti?

[Anonymous Coward]

Re: Is this a U-turn on the Silicon Roundabout?

Maybe Andrew wants to date a cheerleader?

[Doctor Syntax]

So an business promoting itself on communication security bases part of its operation in GCHQ-land? Presumably its servers are elsewhere, or isn't it going to tell its customers about their communications being logged?

[Anonymous Coward]

I suspect this is maybe the post Brexit Britain instance: this is where companies go in Europe to pretend they offer privacy.

Next: Google and Facebook.

[Destroy All Monsters]

Care-o-meter

[ZERO]--|---X-------------[MEDIUM]-------------------[HIGH]

| = "below won't even comment"

[Anonymous Coward]

Did you mean this one?

:)

[Anonymous Coward]

Because Britain needs more investment in under-resourced London

I can see why Snapchat chose London, but there needs to be more investment outside the city. About the best thing you can say is that this kind of investment will raise local prices, which will push some other activity out London to other areas of Britain.

[Professor Clifton Shallot]

Does anyone know how many more jobs over the existing 75 this means?

They already expanded the London staff not too long ago.

[Anonymous Coward]

1,000,000

None of them selling anything of course, all just using the companies IP.

[td0s]

Nice how anecdotal evidence suits ones bias isn't it

[Anonymous Coward]

DespiteBrexitNotHavingStartedYetNorAnybodyKnowingWhatItWillBe.com

I'm fascinated by all those people that believe the Brexit a done deal already, and thus conclude that it had no ill effect.

[astrax]

Re: DespiteBrexitNotHavingStartedYetNorAnybodyKnowingWhatItWillBe.com

Equally, the reverse of that statement is also true.

[Steve Davies 3]

Re: DespiteBrexitNotHavingStartedYetNorAnybodyKnowingWhatItWillBe.com

Well, if you read just the front page headlines of The Express or Daily Mail AND NOT listen to the rants of you know who on LBC then it is quite possible to think BREXIT is already done and dusted.

Sadly, a good percentage of the population seem to do just that.

[Anonymous Coward]

Re: DespiteBrexitNotHavingStartedYetNorAnybodyKnowingWhatItWillBe.com

They have to - that way you get government money.

No doubt they'll bail (with that money) as quickly as the people that voted for Brexit as soon as reality sets in.

[Anonymous Coward]

The ephemeral nature of Snapchat

"The ephemeral nature of Snapchat, which deletes photos after a short time period"

How does Snapchat generate reveue such that it's valued at around $20 billion?

"The move has been seen as a further vote of confidence in London’s tech and media sector, "despite" the UK’s decision to leave the European Union."

Yea, it's a well known physics property that electrons change their properties when crossing Channel.

[John Brown (no body)]

Re: The ephemeral nature of Snapchat

"How does Snapchat generate reveue such that it's valued at around $20 billion?"

Hey, don't knock it! It's US VC money being spent in the UK. It might offset some of the trade deficit.

[Anonymous Coward]

Re: The ephemeral nature of Snapchat

According to this, it's advert generated:

"Snapchat appears to want to change up the terms."

Although, I think what he means by 'change up' is alter the terms of the contract.

[Fruit and Nutcase]

Steve Bong

Still not been awarded a peerage. Must be doing something right

[strum]

Come off it. The whole point of Brexit (for Murdoch, Desmond, Dacre & co) was that a single government in Westminster would be much easier to push around than the big guy in Brussels.

[Anonymous Coward]

So not seen the idea of being able to sue the press over anything and not have to pay for any of it then?