Founder of ‘Meme Stocks’ Forum Sues Reddit After Being Booted From Platform
AMC Entertainment and Cinemark on wild rides the last few years, is suing the platform, accusing it of breaching contract by booting him from his role as moderator of the WallStreetBets forum in 2020 and infringing on his right to trademark the name as his brand.“I felt this was personal, and I felt betrayed,” Rogozinski told The Wall Street Journal.A Reddit spokeswoman called the lawsuit completely frivolous and said his claims had no basis in reality, the Journal reported.“Jamie was removed as a moderator of r/WallStreetBets by Reddit and banned by the community moderators for attempting to enrich himself. This lawsuit is another transparent attempt to enrich himself,” the spokeswoman said.