Snapchat becomes latest tech firm to pick London despite Brexit - News Summed Up

Snapchat becomes latest tech firm to pick London despite Brexit


Snapchat becomes latest tech firm to pick London despite BrexitMessaging app Snapchat said it would make London the home of its international operations, delivering another vote of confidence in Britain's tech standing as the country prepares to leave the European Union. Despite the uncertainty sparked by the Brexit vote, London has remained attractive to global tech firms due to its pool of talent in the creative and tech sectors, many of whom have come from Europe and further afield. "We believe in the UK creative industries," Claire Valoti, general manager of Snap Group in the UK, said on Tuesday. Snapchat started in 2012 as a free mobile app that allows users to send photos that vanish within seconds. The additional tech jobs may be dwarfed by the number of jobs that could go in the financial sector if banks relocate to remain in the bloc, and tech firms have expressed concern about how Brexit could affect them.


Source: VietNamNet News January 11, 2017 04:46 UTC





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