Tuesday, July 25, 2023
Short-Term Rental Report

Airbnb Stock – Who’s Buying and Selling?

  • Airbnb co-founder Joe Gebbia has sold over $1.37 billion in shares since leaving his role, retaining 19.8% of voting power.
  • Gebbia and co-founders control 77.3% of Airbnb’s voting power, up from 72% in 2022, due to an agreement to support each other’s board nominations.
  • Short-term rentals remain cheaper than hotels for price-conscious travelers in European cities.

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 […]