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Elon Musk's Ambitious DOGE Initiative
2025-05-20 22:55:09
Government

Elon Musk's Ambitious DOGE Initiative

Elon Musk has enlisted a diverse team of former and current employees to lead the Department of Government Efficiency (DOGE). This temporary organization aims to streamline government operations, although its effectiveness has been questioned.

Despite ambitions to cut $1 trillion from the federal budget, the team has struggled to achieve substantial savings. As Musk prepares to step back from DOGE, the meme coin Dogecoin has remarkably surged in value, indicating a strong connection between Musk's ventures and cryptocurrency.

Meanwhile, Amanda Scales has returned to xAI after her stint with DOGE, reflecting the dynamic shifts within Musk's companies amid criticism from Tesla employees. The future of DOGE remains uncertain as Musk balances his corporate responsibilities with government initiatives.

Related news on that topic:

Elon Musk's Political Retreat

Elon Musk's brief partnership with Donald Trump has unraveled, marking a significant shift in his political strategy. Once viewed as a key ally, Musk's tenure in the Trump administration lasted only 130 days, leading to a decline in his popularity. Following public backlash against austerity measures, he has announced a substantial reduction in political donations. Musk, previously a major donor to Trump, cited his disenchantment with politics and the inefficacy of the Department of Government Efficiency as reasons for this change. Despite his political ambitions, Tesla has suffered image damage, impacting sales, particularly in Europe. As Musk reassesses his political involvement, he may pivot back to focusing on his businesses. His recent comments hint at a desire to step away from the political spotlight, reflecting a broader trend among billionaires seeking to navigate the complex realm of political influence.

The press radar on this topic:

TechCrunch
20. Mai 2025 um 17:15

The people in Elon Musk’s DOGE universe

Elon Musk, a long-time tech entrepreneur, has assembled a team of his current and former employees to work with the Trump administration's Department of Government Efficiency (DOGE). This team includes veterans from Musk's companies like Tesla and SpaceX, as well as fresh-faced hackers and software engineers. DOGE is a temporary government organization whose authorities are set to expire in July 2026, and Musk has both backed away from it to focus on his own companies while also saying he may..
The Street
20. Mai 2025 um 20:26

DOGE-dubbed token rallies 200% ahead of Elon Musk's exit

The DOGE meme coin has surged over 200% in value, despite Elon Musk's plan to step down from his role as President of the Department of Government Efficiency by the end of May. Musk had aimed to cut $1 trillion from the federal budget but his team has reportedly failed to slash even $170 billion in government expenditure. Meanwhile, Dogecoin, a pioneering meme coin admired by Musk, has also seen a 10% increase in value over the last week.
Cointelegraph.com News
20. Mai 2025 um 18:00

Coinbase CEO's journey from no 'political causes' to hiring DOGE staff

Armstrong did not comment on President Trump's potential conflicts of interest over his family-backed platform World Liberty Financial and his own memecoin.
TechCrunch
20. Mai 2025 um 21:18

Amanda Scales, a Musk hire who helped lead DOGE, has returned to xAI

Amanda Scales, a former xAI HR executive, has returned to the company after working on Elon Musk's Department of Government Efficiency initiative at the U.S. Office of Personnel Management. Scales previously worked in talent acquisition at xAI, and has also held HR roles at Human Capital and Uber. Her return comes as Musk plans to reduce his involvement in DOGE and focus more on his companies like Tesla, which has seen sales suffer due to his political activities. This follows an open letter f..
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