Synopsis
Reid Hoffman, the cofounder of LinkedIn, will step down from Microsoft's board of directors. He will not stand for re-election at the 2026 annual shareholder meeting. Hoffman has been a board member since 2017. His departure is not due to any disagreements. He sold LinkedIn to Microsoft in 2016 for $26.2 billion. The platform now has over 1.3 billion members.Listen to this article in summarized format
Hoffman, who has served on the board since 2017, will stay on till the meeting. His decision was not a result of any disagreement with executives on any matter relating to policy or operations, Microsoft said.
In 2016, he sold LinkedIn to Microsoft for $26.2 billion in what was at the time the tech giant's largest-ever deal. The social networking platform has grown to over 1.3 billion members since.
Hoffman co-founded Inflection AI alongside Mustafa Suleyman in 2022 in an attempt to get ahead in the rapidly growing sector.
He also led investment in Airbnb's Series A financing round in 2010 and backed autonomous driving company Aurora through venture capital firm Greylock Partners in 2018.
