The creator of the WallStreetBets (WSB) subreddit, Jaime Rogozinski, which sparked the meme stock craze by rallying retail investors to stocks like GameStop, has filed a lawsuit against Reddit alleging breach of contract and trademark infringement.
The Wall Street Journal reports that Jaime Rogozinski, the creator of the popular WallStreetBets (WSB) subreddit and the mastermind of the meme stock crazy, has filed a lawsuit against Reddit, claiming that the social media site violated his trademark rights for the WallStreetBets brand and removed him from his position as a WSB moderator in 2020.
Steve Huffman CEO of Reddit (Web Summit/FLickr)
A GameStop store (AP Photo/John Minchillo, File)
The lawsuit is the most recent chapter in the WSB subreddit’s saga, which gained much attention during the meme stock retail trading craze of 2019–2021. Rogozinski started the subreddit…
