The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
said on Wednesday that users under 25 spend more than 32 minutes a day on Instagram, demonstrating its success with an age group that Snap also targets. Snap released similar data at the beginning of February, noting that "users younger than 25 visited Snapchat over 20 times and spent over 30 minutes on Snapchat every day on average."
Despite record highs in the broader market, Snap shares have fallen about 43 percent in the past three months, and on Wednesday shares were more than 4 percent lower at one point, hitting an all-time low of $12.52 a share.
The fresh reminder of Instagram's competitive position comes amid a tenuous time for Snap's stock.
Snap's lockup period is expiring, allowing company insiders and early investors to unleash their shares into the market. Regulatory filings show that no major insiders have sold shares so far this week, although several have shuffled around their shares, presumably as stock options vested.
Still, it's common for share prices to fall around this period as investors wait to see if top executives sell shares. MKM derivatives strategist Jim Strugger said that over the month preceding the lockup expirations of Facebook, Twitter and LinkedIn their stocks were down by an average of 24 percent, about the same as Snap's decline over the last month.
On top of that, S&P Dow Jones Indices dealt a blow to the company this week. S&P Dow Jones said it will bar stocks that issue multiple classes of shares from some indexes, effectively excluding Snap, which offers no voting rights to common shareholders. By forgoing an S&P 500 listing, Snap could miss out on a growing pool of wealth, as more investors opt for index funds over active fund managers.
Snap will get a chance to prove investors wrong in its quarterly earnings report this month, when Wall Street analysts say they will look for signs that Snap's user growth is accelerating even as Instagram has users hooked.
Analyst Mark Mahaney of RBC Capital Markets told "Squawk Box " on Monday that competition is "the single biggest risk" for Snap.
"It's a very hard thing to predict. We do like, though, the ongoing ... innovations that we're seeing in Snapchat. I thought Snap Maps was one of the more interesting features that we've seen in the space for a while. They have to continue to do that, and this team seems to have a pretty good track record so far; the stock should work, " Mahaney said.
— CNBC's Thomas Franck contributed to this report.