Reddit Sued by Founder of Meme Stock Driver WallStreetBets (1)

The founder of WallStreetBets, the Reddit chat forum that fueled the 2021 meme stock frenzy, sued the social media platform for ousting him from the online community.

Jaime Rogozinski claims that after he applied for a trademark for WALLSTREETBETS in March 2020, he was banned from moderating the forum he created in 2012. Reddit is asserting ownership over chat forum brands on its platform as it plans to go public, according to the complaint Rogozinski filed Wednesday in federal court in Oakland, California.

The suit, which includes allegations of breach of contract and trademark infringement, comes three years after Rogozinski ...