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Photo illustration by Greg Ruben / Axios

Data provided to Axios by Robinhood, a stock trading app that is popular with millennials, provides insight into how younger investors reacted to Snap's IPO:

  • 43% of Robinhood users who traded today bought Snap stock (note that only 25% of the app's users are ages 18-24, meaning that older investors were also feeling the Snap appeal on Thursday).
  • The median age of a Robinhood user who purchased Snap stock is 26—the same age as Snap CEO Evan Spiegel.
  • Snap rose to the third most popular stock, only behind Apple and AMD. Facebook is at No. 9 and it only took Snap 90 minutes to overtake the social network in terms of ownership.
  • On Wednesday, there were 54% more sales of Facebook stock than the previous day, implying investors were offloading their Facebook stock to make room for Snap.
  • Robinhood's overall trading volume on Thursday broke records, jumping 50% compared to the day before. It also signed up 250% more new users on Thursday than on an average day last week.

What to watch: Snap had a huge stock price pop on its first day, but the many are skeptical as to whether the company will be able to sustain this investor enthusiasm, especially as the pressure of quarterly earnings and growth begins to set in. It's also facing stiff competition from Instagram and Korean clone Snow.

Go deeper

Cryptocurrency giant Coinbase heads to Wall Street

Illustration: Annelise Capossela/Axios

Coinbase, the country's largest cryptocurrency exchange, is expected to go public today at what could be a valuation north of $100 billion.

Why it matters: This gives crypto a Wall Street seal of legitimacy, after an early existence marred by ties to illicit goods.

In photos: St Vincent water supply running low as volcano eruptions continue

La Soufrière volcano erupting in Saint Vincent on April 9. Photo: Zen Punnett/AFP via Getty Images

There are "chronic water shortages" in St. Vincent and the Grenadines as La Soufrière volcano continues to explode, government spokesperson Sehon Marshall told a local radio station Tuesday.

The big picture: Up to 20,000 people have been evacuated from the Caribbean island's northern region since the volcano began erupting there last Friday, per AP. Over 3,000 evacuees are staying in more than 80 government shelters.

Updated 2 hours ago - Axios Twin Cities

In photos: Twin Cities on edge after Daunte Wright shooting

Demonstrators protesting the shooting death of Daunte Wright face off with police near the Brooklyn Center police station in Brooklyn Center, Minnesota, on April 13. Photo: Scott Olson/Getty Images

Law enforcement and protesters in the Twin Cities suburb of Brooklyn Center clashed Tuesday night, after demonstrators again defied a curfew to protest for a third straight day the fatal police shooting of Daunte Wright.

The big picture: It followed two nights of protests and unrest over Wright's death Sunday. Outside the city's police headquarters, law enforcement used "heavy force," with tear gas and flashbangs, per the Star Tribune. Protesters threw objects including water bottles, hitting some officers on their helmets, the outlet notes.