Airbnb co-founder Joe Gebbia is stepping down

Airbnb co-founder Joe Gebbia announced Thursday he is stepping down from his role in the company.

The 40-year-old has been with the company since its inception in 2007 and will remain on the board of directors.

“After great consideration, I’ve decided to step back from my full-time operating role at Airbnb,” Gebbia said in a letter to employees. “The primary reason for this transition is that this is the only company I’ve ever helped build, and my brain is bursting with more ideas to bring to the world.”

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