Axios Re:Cap

Shake Shack Serves up its Loan

Shake Shack on Monday announced it would give back the $10 million it received via the Paycheck Protection Program, in the midst of circulating criticisms of the program’s application process and how it distributed funds before it ran out. Dan is joined by Shake Shack founder and chairman Danny Meyer to discuss the company's decision, the state of restaurants, and how the next phase of PPP should be structured.
PLUS: Why Dropbox paid people to hack Zoom and Silicon Valley tracks COVID-19
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Axios Re:Cap is on hiatus until October 2021.