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The company, founded in 2007 by Chief Executive Officer Brian Chesky, Nathan Blecharczyk and Gebbia, is now worth $69 billion in market value and has more than four million hosts renting out their properties across the globe on its platform.
Gebbia said he would continue serving on the board of Airbnb as well as non-profit Airbnb.org and also take on a new role as adviser.
He also said he would focus on a product complementary to Airbnb, but did not provide details.
