Tuesday, January 10, 2017
Snap Inc: No, We Don't Have A New HQ In London
Venice, California-based Snap, Inc., the parent company of Snapchat, said on Tuesday that it has not established a new international headquarters in London--despite media reports. The company said it has "one HQ, in Venice", and the changes in London simply involved billing advertising revenue in the UK through a UK entity. The change will allow the company to pay taxes in the UK, according to the company, so that it can be a "good local partner as we grow our business."