The Wall Street JournalThe Wall Street Journal

WallStreetBets founder sues Reddit

By Akane Otani

15 Feb 2023 · 5 min read

The founder of WallStreetBets, a wildly popular trading community famous for 'meme stock' frenzy, is planning to sue Reddit for wrongly banning him as community moderator. The WSJ has the details.

Curated by informed

WallStreetBets’ founder is suing the site where it all began.

Jaime Rogozinski, creator of the community that sent untold numbers of individual investors piling into meme stocks two years ago, filed a lawsuit against Reddit. Mr. Rogozinski is accusing the social-media platform of breaching contract by ousting him from his role as a WallStreetBets moderator in 2020 and infringing on his right to trademark the WallStreetBets brand, among other complaints.

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