Snap’s Evan Spiegel and Bobby Mur­phy

The Washington Post Sunday - - TAKING STOCK -

each added $1.6 bil­lion to his for­tune Thurs­day af­ter shares in the photo-shar­ing mo­bile app closed at $24.48, 44 per­cent above their list­ing price. Other win­ners from the of­fer­ing in­cluded ven­ture cap­i­tal firms Bench­mark Cap­i­tal and Light­speed Ven­ture Part­ners, whose stakes rose $904 mil­lion and $613 mil­lion. Wal­mart is cre­at­ing ex­press lanes in its phar­macy and money ser­vices ar­eas, in which cus­tomers will be able to use new func­tions in the Wal­mart app as part of the trans­ac­tion process. Wells Fargo said eight top ex­ec­u­tives, in­clud­ing chief ex­ec­u­tive Tim Sloan, will not re­ceive bonuses this year, the lat­est ef­fort by the mega­bank to move be­yond a sales scan­dal in­volv­ing mil­lions of fake cus­tomer ac­counts. Over­all, the ex­ec­u­tives lost $32 mil­lion in bonus money. McDon­ald’s is pre­par­ing to roll out meal de­liv­ery in the United States. The hope, the fast-food gi­ant said, was to make up for years of slip­ping sales by mak­ing one of the world’s most ubiq­ui­tous chains even more in­escapable. Uber Tech­nolo­gies lost a rul­ing over Lon­don trans­port rules that re­quire lan­guage tests for driv­ers, which could keep 40,000 peo­ple from join­ing the in­dus­try over the next three years. A judge said it is rea­son­able for “driv­ers to demon­strate a level of com­pe­tence in writ­ten and spo­ken English.”

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