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How millennial investors reacted to Lyft's IPO

Illustration: Rebecca Zisser/Axios

Millennials have long embraced Lyft's ride-hailing service — and now they're doing the same with the company's stock, according to data from stock trading app Robinhood.

The bottom line: Lyft was the most-traded stock on Friday on Robinhood whose users are 32 years old on average (and 21% of them are ages 18 to 24).

More from Robinhood:

  • 14% of users who traded on Robinhood on Friday bought Lyft stock.
  • Lyft became the 80th most-held stock on Robinhood, which has 6 million users.
  • 33: The average age of users who bought Lyft stock on Robinhood.
  • Robinhood customers who live in San Francisco — Lyft's hometown — traded Lyft 3x more than those who live in New York.

Go deeper:

Go deeper

Rebecca Falconer
1 hour ago - World

Scottish first minister vows independence referendum after election win

Scotland's First Minister and leader of the Scottish National Party, Nicola Sturgeon, reacts after being declared the winner of the Glasgow Southside seat at Glasgow counting centre in the Emirates Arena in Glasgow on Friday. Photo: Andy Buchanan /AFP via Getty Images

Scotland's First Minister Nicola Sturgeon announced plans Saturday for a second independence referendum once the pandemic has abated following the country's parliamentary elections.

The big picture: Sturgeon's Scottish National Party won 64 seats, one seat short of an outright majority in the 129-seat Parliament. But most seats went to pro-independence parties.

Go deeper (<1 min. read)Arrow
Jacob Knutson
4 hours ago - World

India records its deadliest day of the pandemic

A health worker moving an oxygen cylinder in a coronavirus ward of a hospital in New Delhi on May 8. Photo: Raj K Raj/Hindustan Times via Getty Images

India saw its deadliest day of the pandemic yet with more than 4,180 confirmed COVID-19 deaths reported Saturday.

Why it matters: The country has recorded more than 21.8 million coronavirus cases and 238,270 deaths since the pandemic began. The true numbers, however, are likely much higher, experts say, as the country battles a continued surge in cases that has left hospitals and health workers overwhelmed.

Go deeper (1 min. read)Arrow
Axios
Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: The end of quarantine — CDC updates guidance on airborne COVID-19.
  2. Politics: Oklahoma secures $2.6 million refund for hydroxychloroquine purchase — Why Biden's latest vaccine goal is his hardest yet.
  3. Vaccines: Pfizer begins application for full FDA approval of COVID-19 vaccine — Moderna says its COVID booster shot shows promise against variants.
  4. Economy: U.S. adds just 266,000 jobs in April, far below expectations.
  5. World: Asia faces massive new COVID surge — India records its deadliest day of the pandemic.
  6. Variant tracker: Where different strains are spreading.
Go deeper (1 min. read)Arrow