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DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

to stop charging eateries a 30 percent fee on each order through the delivery company’s DashPass subscription offering, Reuters reported, citing an unnamed source. News of the reported letter comes on the heels of DoorDash reaching a $2.5 The letter that was sent to the delivery company on Tuesday (Dec. billion valuation.

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Moving to One Minute TRACE Reporting: A Review of FINRA Proposed Changes to Rule 6730

Perficient

Fixed income markets have continued to change dramatically since 2002, becoming more global while an increasing percentage of trades are made on or by electronic trading platforms. In place since 2005, a 15-minute outer limit reporting timeframe currently applies to transactions in: Corporate bonds. Background. Agency debt securities.

Report 275
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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October. It was reported that the hearing could happen later in the year.

DC 109
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DoorDash Shares Surge Over 85 Pct On First Trading Day

PYMNTS

DoorDash said more than 390,000 businesses harness the app, according to a published report that cited the firm’s prospectus. The company’s IPO commences a busy time for companies to hit the markets, with Airbnb scheduled to go public on Thursday (Dec.

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Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

The coffee chain, which operates in 78 global markets, opened its first store in Seattle in the 1970s. The opening of Starbucks 30,000 th store is a proud moment for all Starbucks partners,” company president and CEO Kevin Johnson said, according to reports. Starbucks Coffee. The 20 largest brands notched a 1.2 stores, per Nielsen.

DC 109
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China's Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight

PYMNTS

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. Earlier this month, China debuted drafts for new rules for eCommerce companies, with the goal of trying to cut down on monopolistic power, PYMNTS reported.

Industry 152
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DoorDash IPO Soars; Commission Caps Make Early News

PYMNTS

That translates into an intraday price of $182, up from the $102 where shares had initially priced , above a range that had been reported to be between $90 and $95. In one market — Chicago — that has seen caps put in place, DoorDash has added a $1.50 “Chicago fee,” as reported by the Chicago Sun Times. Adding Some Fees .