Tech Crunch Article - I'm a Product Manager

I'm working right now at a start up company that, honestly, you've probably never heard of. Despite the snark you may be able to already detect, it's not a bad place. But lately we've been getting a lot of suggestions from the co on features and product changes. It became clear pretty quickly that those suggestions were actually more than that. And it's also clear that the c e o is making product decisions based on his, i don't even know, cool ideas. I'm really not sure what i should do, if anything in the situation, but it's getting pretty annoying.