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Millennials are snapping up the ‘Netflix of China’ — and the stock has doubled in less than 3 months

Shares of iQiyi — the Baidu-owned video service widely seen as the Netflix of China — has more than doubled since its initial public offering less than three months ago. It's now one of the most popular stocks on the Robinhood stock trading app.
Yu Gong, Founder and CEO of Chinese streaming platform iQiyi Inc., and Robin Li, CEO of Baidu, ring the opening bell at the Nasdaq Market Site to celebrate iQiyi Inc.'s initial public offering (IPO) in New York City.

The Netflix of China is on a hot streak with millennial investors

10-year-old iQiyi went public in March after being spun off by the Chinese search giant Baidu in an initial public offering that raised $2.25 billion for the video service. It currently boasts 20 million subscribers.
A Tesla car 'Model S' sits in a dealership in Berlin, Germany, November 18, 2015.

Millennials are ditching Tesla shares faster than any other company

Data from the stock-trading app Robinhood — whose user base skews markedly younger than traditional brokerages — shows that Tesla was sold more than any other stock on the app, with 5,087 investors exiting their positions over the past week.

An app millennials are using to trade stocks and cryptocurrencies without any fees is now worth $5.6 billion: Here’s how to use it

Robinhood is an app built around one single promise: no-fee stock and cryptocurrency purchases. This what you need to know about it to get started.

5 years ago, the stock-trading app Robinhood was rejected by 75 investors — now it’s worth $5.6 billion

Robinhood, a zero-fee stock-trading app popular among millennials, confirmed its most recent funding round of $363 million, placing the company's worth at $5.6 billion. Its cofounder Vlad Tenev also said Robinhood would buckle down on its crypto offerings in the coming months.
FILE PHOTO: Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei

Millennial investors are ditching Nvidia ahead of earnings

Since Nvidia’s last earnings report, the price of cryptocurrencies has fallen dramatically. Nvidia found an unexpected boost from would-be crypto miners gobbling up its hardware to mine the digital coins. Now, the craze seems to have died down, many analysts worry the demand could fade as well.

Young people are dumping Starbucks ahead of earnings

Starbucks reports Q2 results after market close Thursday. Young investors sell off shares on Robinhood, possibly rattled by the racial profiling incident.

Young investors aren’t feeling the Amazon love this earnings season

Last quarter, investors were buying 47% more than they were selling. This quarter that isn't the case.

Millennial investors are loading up on Netflix ahead of earnings

Shares of the streaming giant are down 1.46% ahead of its report Monday afternoon.

Robinhood, the stock trading app loved by millennial investors and cryptocurrency traders, could soon be a $5.6 billion company

Robinhood is finalizing a new funding round led by DST Global, the firm led by influential Russian billionaire Yuri Miller, The Wall Street Journal reports.