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Stock impact report

OpenAI ex-employees worry about company's control over their millions of dollars in shares [CNBC]

Nextdoor Holdings, Inc. (KIND) 
Company Research Source: CNBC
taking a restrictive approach that's raised concerns among current and former employees about the startup's power to determine who participates, CNBC has learned. Due to OpenAI's skyrocketing valuation following the launch of ChatGPT in late 2022, many early employees are sitting on millions of dollars worth of equity. With no IPO on the horizon and a price tag that makes the company too expensive to be acquired, the only way for shareholders to realize any value from their equity in the near term is through secondary stock sales. However, current and former OpenAI employees have been increasingly concerned about access to liquidity, according to interviews and documents shared internally. Those fears have intensified in recent weeks after reports that the company had the power to claw back vested equity , said people familiar with the matter, who asked not to be named because the information they shared is confidential. In an attempt to assuage some of those concerns, OpenAI re Show less Read more
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