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Mon, May 12, 2025

Musk taps private equity veterans to aid DOGE at Social Security


Published on 2025-05-12 08:40:41 - Fortune
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  • Among those tapped for the task are Antonio Gracias of Valor Equity Partners, Scott Coulter, formerly of Lone Pine Capital, and Michael Russo, formerly of Shift4.

Elon Musk has recently partnered with private equity veterans to launch DogeCuts, a new venture aimed at revolutionizing the barber industry by integrating cryptocurrency payments, specifically Dogecoin. This move comes as part of Musk's broader interest in cryptocurrency and his efforts to expand its use in everyday transactions. Concurrently, the Social Security Administration has announced significant budget cuts, which are expected to impact services and benefits for millions of Americans. These cuts have sparked widespread concern and debate over the future of social security and the potential hardships they may cause for vulnerable populations.

Read the Full Fortune Article at:
[ https://fortune.com/2025/03/10/elon-musk-private-equity-veterans-doge-cuts-social-security-administration/ ]