article thumbnail

DoorDash Shares Surge Over 85 Pct On First Trading Day

PYMNTS

The company’s IPO commences a busy time for companies to hit the markets, with Airbnb scheduled to go public on Thursday (Dec. The letter that was reportedly send to the delivery firm said a 30 percent commission would go against the district’s code that puts a 15 percent cap on commissions for third-party delivery firms.

article thumbnail

DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

The attorney general of the District of Columbia, Karl Racine, has written a letter ordering DoorDash Inc. million settlement with the district’s attorney general for purportedly misrepresenting that diner tips would go to drivers. News of the reported letter comes on the heels of DoorDash reaching a $2.5

DC 226
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Unemployment Claims Down 48K To 709K

PYMNTS

The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. 24 were in Hawaii (9.9), California (8.9), New Mexico (8.5), Nevada (8.2), the Virgin Islands (7.1), Massachusetts (7.0), Puerto Rico (6.9), Georgia (6.8), District of Columbia (6.5) and Alaska (6.1).

article thumbnail

DOJ, State AGs Could Combine Google Investigations

PYMNTS

The probe is centered on whether Google’s monopoly of the online search world – and the ensuing advertising revenue it commands – represent an illegal form of market control. states, the District of Columbia and Puerto Rico formally launched an investigation into Google. Thus far, U.S.

Google 130
article thumbnail

Bitcoin Daily: Jamie Dimon Could Not Give A *&*% About Bitcoin; Dapper Labs Notches $15M For CryptoKitties

PYMNTS

It has over 200 machines in the District Of Columbia and 19 states. Venrock Partner David Pakman said in an interview with the outlet that “for the first time, we can make scarce digital items, and I think that can usher in a mega-market of digital collectibles.”

Bitcoin 123
article thumbnail

Grocery Roundup: Ahold Delhaize Acquisition, Another Toilet Paper Rush And A SNAP Explosion

PYMNTS

Experts speculate that Ahold’s global reach will allow FreshDirect to further expand, likely in East Coast markets initially. SNAP Customers Flood Into the Digital Grocery Market . Amazon was able to eat into that market during the pandemic-triggered shift away from in-person shopping.

article thumbnail

OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The district has seen very favorable conditions; asset quality has increased and both problem assets and net loan losses have decreased. The OCC on Oct. It measures 1-5, with 1 being the best score an institution can receive and 5 the worst).