SNAP BREAKS INTO 'STARTUP SQUADS' AS AD REVENUE STALLS

Summary from the TLDR Founders newsletter

Snap has restructured into "startup squads" of 10 to 15 people to address stalled ad revenue and user decline. Snapchat+ subscriptions generate over $700 million annually, marking a significant direct revenue source. Snap is also developing AR glasses, aiming to revolutionize human-centered computing.