Snap, the parent company of Snapchat, told German media on Friday that it is currently building up its team for a brand new German headquarters in Hamburg. The Los Angeles-based company will join its American tech peers in building offices in Hamburg, including Google, Facebook, Twitter, Airbnb and Yelp. Snap reports that more than five million people in Germany use the app each day, while Europe-wide users total 55 million. About 60 percent of German Snapchat users are over 18 years old. Hamburg was recently dubbed the new German capital for starting a business in a report that found it had outstripped Berlin for the most new business founders per capita.

Source: The Local June 09, 2017 14:15 UTC