Mar 29, 2019

How millennial investors reacted to Lyft's IPO

Kia Kokalitcheva

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.

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Axios

America's food heroes

Photos: Charlie Riedel/AP (L); Brent Stirton/Getty Images

The people who grow, process and keep food stocked on shelves are doing heroic work in these conditions, often for bottom-barrel pay.

Why it matters: Millions of Americans don't have the luxury of working from home, and it's essential that food workers keep working so we can keep eating.

Go deeperArrow7 mins ago - Health
Zachary Basu

Acting Navy secretary resigns over handling of virus-infected ship

Photo: Chip Somodevilla/Getty Images

Acting Navy Secretary Thomas Modly resigned Tuesday after apologizing for comments he made about Capt. Brett Crozier, who was removed after a letter he wrote pleading with the Navy to address the coronavirus outbreak aboard the USS Theodore Roosevelt was leaked to the press. The resignation was first reported by Politico.

Why it matters: The controversy over Crozier's removal was exacerbated after audio leaked of Modly's address to the crew, in which he said Crozier was either "too naive or too stupid to be a commanding officer of a ship like this." After initially backing Modly's decision, President Trump said at a briefing Monday that he would "get involved."

Go deeperArrow19 mins ago - Politics & Policy
Axios

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 1,407,123— Total deaths: 81,103 — Total recoveries: 297,934 — Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 386,800 — Total deaths: 12,285 — Total recoveries: 20,191 — Map.
  3. Trump admin latest: Trump removes watchdog overseeing rollout of $2 trillion coronavirus bill.
  4. Federal government latest: Senate looks to increase coronavirus relief for small businesses this week — Testing capacity is still lagging far behind demand.
  5. World update: China reopens Wuhan after 10-week coronavirus lockdown.
  6. Wisconsin primary in photos: Thousands gathered to cast ballots in-person during the height of the coronavirus crisis in the U.S.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Keep ReadingArrowUpdated 21 mins ago - Politics & Policy