Top Stories — Tuesday, September 9, 2025
What is trending in the USA today? Here is Breaking News:
- Snap breaks into 'startup squads' as ad revenue stalls — TechCrunch
- 10 Killed and 61 Injured in Mexico After Train Crashes Into Bus — nyt News
Snap breaks into 'startup squads' as ad revenue stalls
Source: TechCrunch • Published: 9/9/2025, 7:11:29 AM
Snap is breaking itself apart and rebuilding from within. In a new annual company letter, CEO Evan Spiegel just announced the company is restructuring around small "startup squads" of 10 to 15 people to better compete against larger competitors.
The move comes as the 5,000-person company faces mounting pressure. Advertising revenue growth flatlined at 4% in the second quarter, and North American daily active users declined 2% to 98 million, a troubling sign in Snap's most important market.
Spiegel does highlight one bright spot: Snapchat+ subscriptions now generate over $700 million in annual recurring revenue from more than 15 million paying subscribers, making direct revenue "one of Snap's fastest-growing opportunities."
Snap is also doubling down on Specs, building its own AR glasses that Spiegel envisions will replace smartphones entirely. He calls them a "a once-in-a-generation transformation towards human-centered computing." (Meta and Google see the same future, partnering with Ray-Ban and Warby Parker, respectively.)
Spiegel acknowledges the current stock price "reflects doubt" but writes that there's "startup-style return potential" at Snap's roughly $12 billion valuation. Left unsaid: that number is down 90% from September 2021, when Snap's market cap topped $116 billion during the height of social media mania.
10 Killed and 61 Injured in Mexico After Train Crashes Into Bus
Source: nyt News • Published: 9/9/2025, 6:05:37 AM
Ten people were killed and 61 injured on Monday morning when a cargo train crashed into a double-decker passenger bus in central Mexico, the authorities said, one of the latest and most lethal accidents as the country expands its railroad network.
The accident occurred in the industrial zone of the Atlacomulco municipality, which is roughly a two-hour drive northwest of Mexico City. The bus was headed from a small town in Mexico State to Mexico City, according to local reports.
The state attorney general's office was investigating the accident. It said that seven women and three men had died at the scene.
"We join in the grief of the families and friends of the victims and extend our sincere condolences," a statement by the local municipality said.
Though the authorities did not provide further details about the crash, videos on social media appeared to show the bus stuck in traffic and then moving slowly onto the tracks when the train smashed into its right side. The bus was torn apart and shoved down the tracks. There were no visible crossing gates or signals.
Other images appeared to show the bus essentially cut into pieces and passengers climbing out of the wreckage.
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