Welcome back to Sporada, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics.

I'm Dan Pramack. On today's show, why Dropbox paid people to hack Zoom and Silicon Valley tracks COVID-19.

But first, Shake Shack serves up its loan. Okay, so let's start this with a confession. I have never

eaten at a shake shack. Not intentionally, but it's kind of remarkable given how ubiquitous the

burger chain has become with nearly 190 locations inside the U.S., including one not too far from

where I live. Anyway, that ubiquitousness, that size, is one reason why many social media commenters got up in arms last week, when it was revealed that ShakeShack received $10 million through the Paycheck Protection Program, or PPP, which was the part of the federal stimulus designed to provide loans to small businesses so that they could keep employees on payroll and pay things like utilities and rent.

Not only does ShakeShack not

feel like a small business, but plenty of legit mom and pop shops got shut out when the PPP's

initial $350 billion ran out in the middle of last week. Now, to be clear, there are no allegations

of fraud here. Shake Shack legitimately qualified for a PPP loan, thanks to an exemption written

in there for big

restaurant and hotel chains. But some argue it violated the spirit of the law. What's new is

that on Friday, Shake Shack managed to secure $150 million in new capital via alternative means,

and this morning announced it's giving back its PPP loan, all $10 million, a decision that

Treasury Secretary Steve Mnuchin praised via Twitter.

So let's dig into that give back decision with ShakeShack founder and chairman Danny

Meyer, who's also CEO of a separate restaurant group called Union Square Hospitality.

So Danny, can you start with the reason that ShakeShack applied for the PPP loan in the

first place? what was the idea

what that $10 million was going to allow you guys to do? Well, the hope was the same thing for

ShakeShack as it would be for any restaurant, whether it's a mom and pop bakery or a fancy

restaurant or a chain or whatever, which is try to keep as many people employed

...