Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Reproduced from CivicScience; Note: ±3.0% margin of error; Chart: Axios Visuals

TikTok has been all over the news in recent days, as President Trump has put the app squarely in his sights.

The state of play: New CivicScience data provided first to Axios show continued growth in TikTok’s user base since the beginning of the year, with 14% of those surveyed saying they use the app.

  • That's up from 10% at the beginning of the year, based on a survey of more than 21,000 Americans over age 13 since January.

Details: While use among those 13-24 has declined, use by every other age group, including those over 55, has increased.

  • TikTok usage has risen the most among 25-34-year olds — up from 11% in Q1 to 16% in Q2 — reaching 19% in August.

Yes, but: Data also show users are cutting back. That may be because TikTokers are almost two times as likely as nonusers to be working reduced hours and getting paid less right now, with 21% of users choosing that as their current employment status compared to 12% of nonusers.

  • Nonusers were more likely to be working as usual or working from home.

Go deeper

Dion Rabouin, author of Markets
Oct 6, 2020 - Sports

Sports betting apps still have low awareness

Reproduced from CivicScience; Chart: Axios Visuals

Sports betting stocks have been some of the best performers on the market this year, with DraftKings shares up 466% and Barstool Sports-backed Penn National up 176%.

The state of play: A new survey from CivicScience, provided first to Axios, shows sports betting likely has a great deal of growth potential. But much of that may be baked into already-lofty shares prices.

Instagram head on TikTok ban: "Damage might have already been done"

Photo illustration: Sarah Grillo/Axios. Photo: Steve Jennings/Getty Images for TechCrunch

Adam Mosseri, the head of Instagram, told Axios in an interview Monday that President Trump's efforts to ban TikTok may have already dealt irreversible damage to the digital world.

Driving the news: "The damage might have already been done in terms of normalizing this type of policy," Mosseri said. He and others have previously cautioned that nations targeting individual apps could chill innovation and free expression and encourage authoritarian governments to further extend their reach online.

1 hour ago - World

Map: A look at world population density in 3D

This fascinating map is made by Alasdair Rae of Sheffield, England, a former professor of urban studies who is the founder of Automatic Knowledge. It shows world population density in 3D.

Details: "No land is shown on the map, only the locations where people actually live. ... The higher the spike, the more people live in an area. Where there are no spikes, there are no people (e.g. you can clearly identify ... the Sahara Desert)."