The subreddit's former moderator Jamie Rogozinski says the site is infringing on his trademark and violating his publicity rights, while Reddit says it's 'a completely frivolous lawsuit with no basis in reality' and a 'transparent attempt to enrich himself.'
community that gained widespread notoriety during the memestock craze of 2021 is at the center of a long-running trademark fight and a new lawsuit over the rights to the term WallStreetBets.
Jamie Rogozinski on Wednesday sued Reddit, claiming the social platform is infringing on his trademark, violating his right of publicity and breaking its own user agreement. Rogozinski, who describes himself in the complaint as an entrepreneur, investor and author, says he “built WallStreetBets from the ground up” to create a forum for people who took financial hits during the Great Recession.
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