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Shake Shack Serves up its Loan

Shake Shack Serves up its Loan

Axios Re:Cap

April 20, 20209m 34s

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Show Notes

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.

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