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Screenshot: Axios Events

Sweetgreen CEO Jonathan Neman told Axios' Dan Primack during a virtual event on Tuesday that he does not regret returning the $10 million Paycheck Protection Program loan the company qualified for, even as it furloughed nearly 2,000 employees amid the coronavirus pandemic.

The big picture: He said the salad chain has "been able to get back a lot of our business and, I think, in a weird way, we’re very well-positioned for the other side of this" as it has seen an acceleration in all delivery channels — with pickup orders leading the way.

  • The company has used the pandemic to examine expanding delivery and carryout orders, specifically through its own platform.

Why it matters: Sweetgreen is reopening its restaurants and has brought back more than half of the furloughed employees, leading Neman to say he's confident it will be able to bring the rest back soon.

Go deeper

No one in Washington is happy with Facebook

Illustration: Sarah Grillo/Axios

The Oversight Board's decision Wednesday to uphold Facebook's suspension of former President Trump found few fans in Washington and exposed the company to a new round of attacks.

Why it matters: While the board urged Facebook back to the drawing board to better define its rules and processes around political speech, political actors on both left and right agree that the social media giant already has too much power.

19 mins ago - Technology

Oversight Board knocks Facebook for "lazy" Trump referral

Axios: Sarah Grillo

The independent Oversight Board sent the case of former President Trump's suspension from Facebook back to the company Wednesday because it found Facebook's original referral of the case to be "lazy," a member of the board told Axios.

What they're saying: "[W]e felt it was a bit lazy of Facebook to be sending over to us a penalty suggestion that didn't exist in their own rulebook, so to speak, in their own community standards," said former Danish Prime Minister Helle Thorning-Schmidt, an Oversight Board member, at an Axios event.

Felix Salmon, author of Capital
35 mins ago - Economy & Business

2021: The year of surprise shortages

Illustration: Aïda Amer/Axios

American consumers and businesses face an array of shocking shortages in 2021 — the result of corporate miscalculations in the early days of the pandemic. The shortages range from labor to lumber to rental cars.

Why it matters: As vaccinations rise and the economy grows back to its pre-pandemic size, Americans are tantalized by the prospect of the country reverting to something approaching the familiar old normal. While that might happen eventually, it could take a surprisingly long time for a new equilibrium to establish itself.