Airbnb Stock – Who’s Buying and Selling?
Skift Take
Airbnb co-founder Joe Gebbia has sold over $1.37 billion in shares since leaving his role, still retaining 19.8% of voting power.
Airbnb co-founder Joe Gebbia, who left his full-time role at the company a year ago, has sold more than $1.37 billion worth of his Class A shares since that time, including more than $1 billion so far in 2023, according to regulatory filings, Bloomberg reported. Gebbia still chairs the non-profit Airbnb.org, but more importantly, he retains the bulk — but not all — of his Class B shares, which now give him 19.8% of Airbnb's voting power. Together with his two other co-founders, CEO Brian Chesky (30.6%) and Chief Strategy Officer Nathan Blecharczyk (26.9%), they control 77.3% of Airbnb's voting power.
Did You Know That ... ?Incidentally, the Airbnb co-founder troika's combined voting power of 77.3% in 2023 was a significant increase from 72% in 2022. In a December 4, 2020 pact, the threesome agreed to vote for each others' nominations to the board of directors, and to oppose their ouster.
Gebbia, who Bloomberg said has a net worth of clos
