Joe Gebbia, co-founder of Airbnb, Inc. ABNB and prominent entrepreneur, has joined the Trump administration to serve alongside Elon Musk in the Department of Government Efficiency.
What To Know: Gebbia co-founded Airbnb with two friends in 2008 and retains a 7% stake in the company valued at more than $8 billion, according to Forbes. Though Gebbia no longer works at the company, he is its former chief product officer and current member of Airbnb’s board of directors.
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Notably, Gebbia also sits on the board of Tesla, Inc. TSLA and is a close associate of Musk with the pair collaborating on various projects and investments in the past.
Gebbia will work to update the government’s paper-based retirement process and is expected to bring an unconventional view and entrepreneurial expertise to the department.
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