Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Trump Taps Airbnb Co-Founder Joe Gebbia As 1st Chief Design Officer To Overhaul Federal Digital Services

Mohd Haider
August 23, 2025

President Donald Trump selected Airbnb Inc. (NASDAQ:ABNB) co-founder Joe Gebbia as the nation’s first Chief Design Officer.

Check out the current price of ABNB stock here

The billionaire entrepreneur will be tasked with modernizing federal government digital services and physical locations, according to a report by The Hill.

Gebbia, who serves on Tesla Inc.‘s (NASDAQ:TSLA) Board of Directors and previously worked with the Department of Government Efficiency (DOGE), will lead the newly created National Design Studio under Trump’s “America by Design” executive order signed Thursday.

Federal Websites Face Major Usability Crisis

The initiative addresses critical deficiencies in federal digital infrastructure. According to the executive order’s fact sheet, only 6% of approximately 26,000 federal websites receive “good” ratings for mobile performance, while 45% lack mobile-friendly functionality entirely.

“An experience that projects a level of excellence for our nation, and makes life less complicated for everyday Americans,” Gebbia said in a Saturday X post, comparing his vision to “the Apple (NASDAQ:AAPL) Store: beautifully designed, great user experience, run on modern software.”

See Also: FBI Targets John Bolton’s Home and Office -- Trump: ‘He’s Not a Smart Guy, but He Could Be a Very Unpatriotic Guy’

Three-Year Mission With 2026 Deadline

The National Design Studio will operate out of the White House, with Gebbia reporting directly to Chief of Staff Susie Wiles. Federal agency heads must “consult” with Gebbia to implement design improvements and produce initial results by July 4, 2026.

The temporary organization will terminate three years after its creation, focusing on websites and physical sites that have a “major impact” on Americans’ daily lives. Trump’s order aims to “reduce duplicative design costs” and “enhance the public’s trust in high-impact service providers.”

Billionaire’s Tech Background Shapes Appointment

Gebbia brings significant tech sector experience, owning approximately 7% of Airbnb and maintaining an estimated net worth of $8.14 billion, ranking him 430th globally according to Bloomberg. His Tesla board position since 2022 and close relationship with CEO Elon Musk could have influenced the appointment through Musk’s Trump administration connections.

Price Action: Airbnb closed at $129.92, up 2.76% on Friday, according to Benzinga Pro data. The California-based online marketplace is valued at $80.74 billion, trades around 4.84 million shares daily, and has a price-to-earnings ratio of 31.46.

Benzinga’s Edge Stock Rankings highlight ABNB has a Growth score of 89.44. Track the performance of other players in this segment.

Read Next:

  • Trump’s Approval Rating Rises Among Baby Boomers After Dip in June

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: Shutterstock

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