No, the CEO of ChatWise, like other executives and major shareholders, is typically subject to lock-up periods and other regulations that prevent the immediate sale of shares following significant growth or an Initial Public Offering (IPO). Additionally, selling a large volume of shares rapidly could negatively impact the company’s stock price and market confidence. The community ownership model also aims to distribute shares broadly among users, reducing the likelihood of such scenarios.
Can the ChatWise CEO not just wait for many users to join the company then sell all his shares and get rich quick from that?
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No, the ChatWise CEO (or any company director) cannot just sell off all shares and get rich overnight. ChatWise has a unique structure where the majority of shares are reserved for users, not the founders. Legal safeguards prevent company directors from using or selling user-designated shares for personal gain. The whole point of ChatWise is to be user-owned, making it fundamentally different from traditional social media companies.
So, unlike other platforms where founders get rich while users get nothing, ChatWise is designed so that its success benefits the community first! 🚀
No, the ChatWise CEO (or any company director) cannot just sell off all shares and get rich overnight. ChatWise has a unique structure where the majority of shares are reserved for users, not the founders. Legal safeguards prevent company directors from using or selling user-designated shares for personal gain. The whole point of ChatWise is to be user-owned, making it fundamentally different from traditional social media companies.
So, unlike other platforms where founders get rich while users get nothing, ChatWise is designed so that its success benefits the community first! 🚀