The pandemic has put Hollywood productions out of commission, but at least one entertainment company — L.A.-based Jukin Media Inc. — seemed to be hitting its groove by finding a new niche in entertaining quarantine videos.
Yet despite millions in the bank and on the balance sheet, Jukin also took $2.2 million in Paycheck Protection Program (PPP) funds, according to data released by the U.S. Small Business Administration and confirmed by the company.
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Bird, the Santa Monica-based e-scooter unicorn valued at $2.77 billion dollars, is listed in a database of thousands of companies that the Small Business Administration (SBA) made public Monday that received Payroll Protection Program (PPP) loans. According to the SBA, Bird received a loan of between $5 and $10 million in late April to help it retain 341 jobs, which was a month after it laid off 406 employees via Zoom.
But in a statement, Bird said it never applied for the funds and it was trying to determine why it was included on the list. "Bird was erroneously listed as a company that filed for a PPP Loan," the company said.
'In a Weird Way We Were Very Well Positioned for This': Sweetgreen Reopens Stores and Brings Back Workers
After protests sparked by the killing of George Floyd prompted Sweetgreen to close most of the locations it hadn't yet shuttered because of the coronavirus, the Culver City-based fast casual chain said Tuesday that it's on the rebound.
CEO Jonathan Neman announced the company has reopened most of its restaurants and rehired some of the 2,000 workers that it furloughed.
"We've brought back half of employees," Neman said at an Axios forum. "I'm confident we can bring back the other half soon."
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