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    Airbnb Co-Founder Joe Gebbia Steps Back From Full-Time Role

    Airbnb co-founder and Chief Product Officer Joe Gebbia is stepping back from his full-time role at the company to devote more time to his family and consider new ventures. Such projects include a "complementary product to Airbnb, documentary filmmaking, and various philanthropic initiatives," he stated in a public letter. Gebbia helped Airbnb expand from a San Francisco, California, startup to a game-changing publicly traded company. Airbnb now has a presence in over 200 countries and regions and more than four million hosts. The company saw 80 percent of its business wiped out in eight weeks during the pandemic, but it came through as employees took advantage of remote work opportunities and migrated to coastal and mountain retreats. Airbnb and other travel companies are expecting a spending explosion this summer as massive numbers of travelers take trips following the lifting of COVID-19 restrictions. Gebbia will keep his seat on Airbnb's board as well as on that of its nonprofit Airbnb.org unit, while assuming a new advisory role. He said he is happy to leave the company "in the best hands it's ever been in." Separately, Airbnb announced the appointment of Jay Carney, former White House press secretary for former US President Barack Obama, as its new global head of policy and communications.

    Bloomberg (07/21/22) Michael Tobin

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