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Home News

WallStreetBets’ founder has filed a lawsuit against Reddit.

by Tanishqua Ghura
February 16, 2023 - Updated On February 18, 2023
in News
Reading Time: 2 mins read
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The proprietor of WallStreetBets, the Reddit discussion site that sparked the 2021 memes trading spree, attacked the social media platform in an effort to reclaim control of the online community. Jaime Rogozinski asserts that after requesting a copyright for WALLSTREETBETS in March 2020, he has been forbidden from operating the website he started in 2012. According to the case Rogozinski filed on Wednesday in federal district court in Oakland, California, Reddit is causing the destruction of conversation platform trademarks on its system since it is getting ready to genuinely go public.

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The lawsuit, which offers proof of a verbal contract and intellectual property theft, was filed two years after WallStreetBets customers helped to ignite a selling frenzy during a market correction aimed at GameStop but three years after Reddit terminated Rogozinski. The accusation, according to a Reddit spokesman, was “totally irrational” and had no basis in actual events. ” As a result of Jaime’s attempt to advance himself, both the forum moderators and Reddit suspended him from his role as administrator of WallStreetBets. This complaint is just another frantic effort by him to help himself.

Reddit Sued by WallStreetBets Founder, Forum That Drove Meme Stocks - Bloomberg
SOURCE: Bloomberg

REDDIT

Reddit is a website that aggregates articles as well as a discussion forum where users may exchange comments and jointly manage content. I’ve heard that it’s a group of words that make up the platform’s moniker. Reddit users must first subscribe, which is entirely free, in order to use the platform’s crucial features.

Reddit has an astonishing amount of improper content online because it was built by and is only accessible to adults. Despite various limitations, the application’s diversity of content enables users to search for pretty much anything, including sexual content, violent content, abusive language, or suicidal advice.

It has a subreddit for almost any type of activist group, whether it be a place to talk about important issues like politicians or a relaxing area where people can share adorable cat pictures. Reddit makes it simple to connect with people from all around the world over interests or other commonalities.

In theory, Reddit is a platform where users may submit and discuss relationship-related content.

Those who are looking for amusing dating content on Reddit interact with accounts and subscribe to the numerous discussion areas. The good news is that there are a tonne of popular subreddits devoted to every facet of online dating.

Reddit usage is on the rise among younger audiences in the United States. Additionally, Reddit’s user population appears to be young, ranging in age from 18 to 35, and its users appear to be particularly interested in topics like games, design, and culture.

Tags: #content_moderation#hatefulcontent#Reddit_acquires_DubsmashLawsuit
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