![]() ![]() CNBC's Lauren Feiner and Ari Levy contributed to this report. "We look forward to engaging with local policymakers to increase understanding of the impact pricing regulations have, and solutions that better serve customers, Dashers, and restaurants," the spokesperson said. In a statement Wednesday, a DoorDash spokesperson told CNBC it had decided not to charge restaurants their contractual rates for DashPass, for the time being, citing "confusion as a result of our response to the unintended consequences of the pricing regulations in Washington, DC." They maintained DashPass is a "premium marketing offering." The Washington City Paper reported last week that restaurants were informed they would begin being charged the original rate in their contracts for DashPass, which is a premium service for frequent users in which restaurants pay to participate.Īccording to the notice reported by the City Paper, DoorDash told restaurants the legislation "is only applicable to Classic orders and does not apply to the DashPass program." The DC Council recently passed a law that would cap third-party delivery and pick-up service fees at 15% of the order price during a public health emergency. Currency in USD Follow 2W 10W 9M 86.59 -4.20 (-4.63) At close: 04:00PM EDT 86.19 -0.40 (-0.46) After hours: 07:58PM EDT 1d 5d 1m 6m YTD 1y 5y. More recently, the DC AG's office confirmed to CNBC it had sent a cease and desist letter to DoorDash on Tuesday, warning it to suspend plans to charge commission on its DashPass service that would exceed a fee cap set by the district. DoorDash has denied the allegations but changed its tip model since the period of time the AG cited in the lawsuit. It recently reached a $2.5 million settlement with the AG's office after facing allegations that it misled consumers on how tips would be allocated to workers. DoorDashs average sell-side price target is 109.29, which suggests that the companys shares could potentially rise by +52 as compared to its last done stock price of 71.76 as of July 25, 2022. Personal Loans for 670 Credit Score or LowerĭoorDash has attracted scrutiny from the attorney general of the District of Columbia on more than one occasion. Personal Loans for 580 Credit Score or Lower DoorDash reported stronger-than-expected results for last quarter, saying consumers spent more on the delivery of food and household essentials even as they returned to eating out and some. ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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