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Reid Hoffman Exits Microsoft Board A Decade After LinkedIn Sale — Stock Has Soared 570%

Benzinga·
Reid Hoffman Exits Microsoft Board A Decade After LinkedIn Sale — Stock Has Soared 570%

Reid Hoffman is stepping down from Microsoft's Board of Directors after 10 years, following the company's 2016 acquisition of LinkedIn for $26.2 billion. Microsoft stock has gained 570% since the acquisition closed, significantly outperforming the S&P 500's 230% gain. Hoffman is leaving to focus on Manus AI, an AI-powered drug discovery startup he co-founded.

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