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5 1 (2021)

handle is hein.journals/gtltr5 and id is 1 raw text is: GEORGETOWN LAW TECHNOLOGY REVIEW EXIT TO COMMUNITY: STRATEGIES FOR MULTI-STAKEHOLDER OWNERSHIP IN THE PLATFORM ECONOMY Morshed Mannan* & Nathan Schneider** CITE AS: 5 GEO. L. TECH. REV. 1 (2021) TABLE OF CONTENTS I. INTRODUCTION .................2.......... ...................2 A. Existing Proposals for Platform Regulation & Governance ............5 B. Defining terms......................................15 C. The case of CoSocial .................................19 II. EXIT-TO-COMMUNITY STRATEGIES ......................... ......21 A. Option 1: Stockholding trust...........................21 1. Background.....................................24 2. Implications for Governance..........................29 3. Implications for Financial Rights............ ...........32 4. Implications for Public Policy.........................33 B. Option 2: Federation................. ................36 1. Background.....................................40 2. Implications for Governance..........................45 3. Implications for Financial Rights........... ...........48 4. Implications for Public Policy ................ .........50 * Morshed Mannan, PhD Researcher, Company Law Department, Leiden University and 2019 Research Fellow at the Institute for the Cooperative Digital Economy, The New School. Morshed would like to thank the participants of the 2018 Reshaping Work conference for their feedback on some of the early ideas in this Article. He would also like to thank his wife and his parents for their support. Morshed also gratefully remembers the encouragement of his grandmother, Munira Huq, and his mother in law, Nazira Suleymanova, both of whom sadly passed in the months leading up to the publication of this Article. ** Nathan Schneider, Assistant Professor, Department of Media Studies, University of Colorado Boulder. Nathan is grateful for the support of an Open Society Fellowship and the ongoing collaboration on exit to community projects with the team at Zebras Unite. Both authors would like to thank the editors of Georgetown Law Technology Review for their thoughtful comments. Usual disclaimers apply.