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Snapchat has faced some skepticism from advertisers, especially after Instagram blatantly copied one of its main features. But it might have a new convincing argument: Its valuable young users can't be reached elsewhere.

Snapchat faithful: During the fourth quarter of last year, 35% of Snapchat's daily users in the U.S. don't check Facebook on that day, 46% can't be found on Instagram, and 61% aren't watching YouTube on a given day, according to data from mobile analytics company App Annie published by Bloomberg. During that quarter, Snapchat had 60 million daily active users in the U.S. and Canada.

Why it matters: Snapchat has faced a lot of criticism for not having as many users as Facebook, but this third-party report adds to its argument that its users are nevertheless incredibly valuable and engaged.

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Florida fully lifts coronavirus restrictions on restaurants

Photo: Don Juan Moore/Getty Images

Florida Gov. Ron DeSantis (R) announced Friday the state will completely reopen its economy, allowing restaurants at operate full capacity and barring localities from ordering businesses to close.

Why it matters: The state became one of the world's epicenters for the virus in July, forcing DeSantis to pause its first round of reopening.

2 hours ago - Economy & Business

Eyeing the end of gas-powered cars

Illustration: Eniola Odetunde/Axios

Gasoline-powered cars may be going the way of the woolly mammoth, even if it will take decades to replace them and seems hard to fathom today.

The big picture: Internal combustion engines (ICEs) have powered automobiles for more than 100 years. But the shift to electric vehicles, slow to materialize at first, is now accelerating due to tightening government policies, falling costs and a societal reckoning about climate change.

Virginia Gov. Ralph Northam tests positive for coronavirus

Photo: Zach Gibson/Getty Images

Virginia Gov. Ralph Northam (D) and his wife, Pamela, both tested positive for coronavirus, his office announced on Friday.

The state of play: The Northams were tested after one of their staff "who works closely within the couple's living quarters" tested positive. The governor is asymptomatic, while his wife is "experiencing mild symptoms." They plan to isolate at home for 10 days.

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