Reid Hoffman Exits Microsoft Board A Decade After LinkedIn Sale — Stock Has Soared 570% - Benzinga
👋 Reid Hoffman steps down from Microsoft Board after 10 years.
💊 He pivots to Manus AI drug discovery startup he co-founded.
📈 Microsoft stock gained 570% since the 2016 LinkedIn acquisition.
💰 The $26.2 billion deal remains Microsoft's second-largest in history.
🎙️ Hoffman discusses departure on 'Possible' podcast with Satya Nadella.
👋 Reid Hoffman is stepping down from the Microsoft Board of Directors after serving for 10 years since LinkedIn's acquisition.
💊 Hoffman is pivoting his focus to Manus (Manas AI), an AI-driven drug discovery startup he co-founded.
📈 Microsoft stock has gained 570% since the December 2016 LinkedIn deal, significantly outperforming the S&P 500.
💰 The $26.2 billion LinkedIn acquisition remains Microsoft's second-largest deal in company history.
🎙️ Hoffman discussed his departure on his 'Possible' podcast alongside Microsoft CEO Satya Nadella.
📊 On the day of the LinkedIn closing, Microsoft stock was trading at $61.58 before adjusting for dividends.
- Microsoft stock rose 570% since LinkedIn acquisition closed Dec 2016.
- Company gained double S&P 500's 230% return over same timeframe.
- Reid Hoffman's new venture Manus shows significant AI drug discovery progress.
- Microsoft stock has delivered exceptional returns, rising 570% since the LinkedIn acquisition closed in December 2016.
- The company continues to outperform the broader market, gaining more than double the S&P 500's 230% return over the same timeframe.
- Reid Hoffman is transitioning to a new venture, Manus, which is showing significant progress in AI-powered drug discovery.