Why Are 21 Billionaires Moving Their Money ASAP?

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

Billionaire Airbnb Founder Joe Gebbia Joins Elon Musk At DOGE

Erica Kollmann
March 11, 2025

Joe Gebbia, co-founder of Airbnb, Inc. (NASDAQ: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. 

Read Next: Uncertainty Rocks The Trump Trade: How ‘MAGA Seven’ Stocks Look Now

Notably, Gebbia also sits on the board of Tesla, Inc. (NASDAQ: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. 

ABNB Backlash: According to a Forbes report, hundreds of negative comments regarding Gebbia's involvement with DOGE have flooded Airbnb’s community portal with some hosts and guests threatening to leave the platform. 

Some of the notable comments included: "This makes me very sad as I can’t support a guy like that" and "I am extremely disturbed" to "Joe Gebbia cannot remain on the board" and "There are other options out there besides Airbnb."

Airbnb spokesperson, Christopher Nulty told Forbes, "Joe is joining DOGE in his personal capacity" and Gebbia's "personal views don’t reflect the views of Airbnb or Airbnb.org."

Additionally, Gebbia sold $30.4 million worth of Airbnb stock on Feb. 25, according to an SEC filing.  

Read Next:

  • Markets Tank After Trump Confirms More Tariffs: Here’s What Wall Street Is Saying

Image: Shutterstock

Continue Reading...

Popular

Deal between the US and China is undoing damage from a self-inflicted trade war

BUSAN, South Korea (AP) — Three-digit tariffs are off the table, but import duties on each other are higher than in January.

November 18: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on November 18. Investors who make the right moves before then could make up to 40X by 2032...

Trump Defends Missile Strike On 'Drug-Carrying' Submarine Amid Human Rights Outcry

Trump defends strike on drug sub, says it targeted fentanyl-laden vessel heading to US. Two survivors were rescued.

Warren Buffett's Berkshire Hathaway Bets Big On Consumer Brands Amid Economic Shifts

Warren Buffett and his successor Greg Abel have been directing Berkshire Hathaway towards consumer-centric investments throughout 2025.

Elon's Haters Are About to Lose Their Minds... - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Trump says a Canadian ad misstated Ronald Reagan's views on tariffs. Here are the facts and context

WASHINGTON (AP) — President Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a “fake’’ television ad from Ontario’s provincial government that quoted former U.S. President Ronald Reagan from 38 years ago criticizing tariffs -- Trump’s favorite economic tool.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Eli Lilly's Oral Weight Loss Drug Shows Superiority Over Two Approved Drugs

Orforglipron meets key endpoints in Phase 3 trials, showing A1C reduction, weight loss, and cardiovascular benefits for type 2 diabetes.

Ethereum Crashes To $4,100 As Senate Democrats Take Aim At DeFi

Ethereum (CRYPTO: ETH) is trading near $4,100 on Friday, after a sharp selloff that followed its rejection from $4,700 and renewed fears of U.S.

The 7 Red Flags Wall Street Won't Talk About - Ad

All 7 historic crash signals are flashing red. Once the public notices, it's too late. Our free Bellwether Signal explains how to protect wealth - and why gold and silver have been the refuge in every crisis. Don't let your retirement go over a cliff.

Journalists turn in access badges, exit Pentagon rather than agree to new reporting rules

WASHINGTON (AP) — Dozens of reporters turned in access badges and exited the Pentagon on Wednesday rather than agree to government-imposed , pushing journalists who cover the American military further from the seat of its power. The U.S. government has called the new rules “common sense.”

Why Did Dragonfly Energy Shares Jump Over 6% After Hours?

Dragonfly Energy Holdings' stock climbed 6.73% after hours to $1.42 following its public offering and strategic updates.

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

When a small group of private companies - not the Fed - will perform a major mint of a new kind of money. And those who act before this new system fully kicks in could see gains as high as 40X by 2032. But those who fail to prepare will be blindsided by this sea change to the U.S. dollar.

2,000 mink released from Iowa farm in what trade group calls 'terrorist act'

One or more intruders broke into an Iowa mink farm and released 2,000 of the furbearing animals in what a trade group called a “terrorist act” under federal law.

Mark Zuckerberg Is A 'Wartime CEO' And Leading Meta Into Next Stage Of AI Revolution, Says Dan Ives — Stock Sell-Off Is Short-Sighted

Wedbush's Dan Ives called Meta's post-earnings stock plunge "short-sighted," saying CEO Mark Zuckerberg's massive spending on AI infrastructure proves he's a "wartime CEO" steering Meta into the next phase of the AI revolution.

America's Top Crypto Expert's Next Big Prediction - Ad

Juan Villaverde used his crypto timing model to call every bull and bear market in crypto since 2012. Now his model is alerting him to the next set of coins with huge potential, all thanks to a massive shift inside the world of crypto.

Jeff Bezos-Backed Anthropic Projects To Nearly Triple Revenues By 2026: Report

Anthropic, the artificial intelligence (AI) startup, backed by Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google and Amazon.com (NASDAQ: AMZN), is reportedly projecting to more than double and potentially nearly triple its annualized revenue run rate next year.

Singapore faces pressure to reveal carbon tax concessions to oil giants

SINGAPORE, Singapore (AP) — Carbon tax concessions granted to global oil giants may undermine incentives to shift to cleaner energy, environmentalists fear.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Why D-Wave Quantum (QBTS) Stock Is Getting Hammered Today

Shares of D-Wave Quantum are trading lower Wednesday afternoon, caught in a broader market downturn.

L3Harris Lands $2.26 Billion South Korea Air Defense Contract

L3Harris won a $2.26B deal to deliver modified Bombardier Global 6500 AEW&C aircraft to the South Korean Air Force.

Trump is About To Trigger a $14 Trillion Wealth Pattern - Ad

From General Electric to Silicon Valley, fortunes were created for those who recognized what was happening. Now, Trump is about to trigger this exact pattern. Marc Lichtenfeld has identified the companies positioned at the ground floor of this transformation.

Meta Lures Gen Z Talent With Six-Figure Salaries Amid Shrinking Job Opportunities — Here's How Much It's Offering

Meta is reportedly offering hefty paychecks for entry-level software engineering roles, a move seen as a response to the challenging job market for recent graduates.

Chinese leader Xi Jinping outlines 5-year plan at closed-door Communist Party meeting

BEIJING (AP) — Chinese leader Xi Jinping delivered a speech Monday on the opening day of of the ruling Communist Party to approve a draft plan laying out its goals for the country over the next five years.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the November 1st funding window closes.

Elon Musk's SpaceX Shakes Up Bitcoin Market With $133 Million Transfer

SpaceX, the space exploration company led by Elon Musk, has reportedly transferred over $133 million in Bitcoin (CRYPTO: BTC), causing a stir in the cryptocurrency market.

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

A cargo aircraft skids off a Hong Kong runway into the sea, killing 2 people

HONG KONG (AP) — A cargo aircraft skidded off a Hong Kong runway into the sea when landing early Monday, killing two people.

Ford Stock Is Racing Higher Tuesday: What's Driving The Action?

Ford shares are trading higher on Tuesday, moving in tandem with General Motors after the automaker raised its full-year earnings guidance.

November 18: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on November 18. Investors who make the right moves before then could make up to 40X by 2032...

As San Francisco Rents Surge, AI Startups Offer Housing Benefits To Keep Workers Close

AI startups like Cluely and Lindy are offering luxury housing and six-figure salaries to compete for top talent amid soaring Bay Area rents.

Vietnam’s love affair with gas bikes is colliding with a new electric reality

HANOI, Vietnam (AP) — Vietnam is split between two visions: the rumbling, reliable gas-powered motorbikes that now rule the roads, and sleek, silent electric bikes the government says are its future.

Elon's Haters Are About to Lose Their Minds... - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Dutch Supreme Court rejects Russia's final appeal in $50B Yukos case

THE HAGUE, Netherlands (AP) — The Dutch Supreme Court on Friday rejected a final appeal by against a $50 billion arbitration award to former shareholders of Russian oil giant Yukos, who claimed Moscow deliberately bankrupted the company more than 20 years ago.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Elon Musk's Tesla Records $80 Million Paper Profit On Bitcoin In Q3, Keeps Holdings Intact

Tesla Inc. (NASDAQ:TSLA) held on to its Bitcoin (CRYPTO: BTC) for another quarter, reporting its second consecutive paper profit from cryptocurrency holdings.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service