Report: 14 Injured Following Major Explosion at Metal Factory in Bedford, Ohio.James O'Keefe Leaves Project Veritas After Dispute with Board.Joe Biden Arrives in Ukraine Capital Kyiv to Show U.S.Louis Gender Clinic, School as 'Pipeline' Hume: 'Real Reason to Doubt' Trump's Act Will Play in 2024.Wyden: FDA Should Ignore Potential Court Order Blocking Abortion Pill.Study: 70% of Suspects Freed from Jail Without Bail Rearrested.Escalation: UK First to Supply Ukraine with Longer Range Weapons.Report: 14 Injured Following Major Explosion at Metal Factory in Ohio.'Large White Balloon' Spotted Northeast of Hawaii, ATC Confirms.Alec Baldwin No Longer Faces Potential Five-Year Jail Sentence.Follow him on Twitter Politics Tech GameStop Masters of the Universe meme stocks Reddit Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Read more at the Wall Street Journal here. Weeks before being banned by Reddit in March 2020, Rogozinski submitted a trademark application for “WALLSTREETBETS” Reddit opposed the trademark registration in August of that same year, claiming it would sustain “irreparable damage.” Even if it did, he said in the interview, it was a stretch for Reddit to assert that he had been profiting from a community by posting links to his book.Īccording to Rogozinski’s lawsuit, investment giant Fidelity, for instance, used its Reddit community to “generate awareness” of its goods and services, but that didn’t seem to be a problem for the website.Īdditionally, it is claimed in the lawsuit that Reddit violated Rogozinski’s ownership of the WallStreetBets trademark. Rogozinski made several attempts to contest Reddit’s ruling, claiming that the company’s policies didn’t contain any language forbidding his conduct. Rogozinski, however, asserts that he was “very open” about promoting the competition and selling his book, and that he had never accepted payment for moderating the WSB forum. Reddit moderators are allegedly not allowed to enter “agreements with third parties on behalf of a subreddit.” according to the lawsuit. In April 2020, Reddit informed Rogozinski that his account had been suspended due to him “attempting to monetize a community.” According to the lawsuit, Reddit accused Rogozinski of trying to monetize the community by promoting his book and a live trading competition that would be supported by a company called True Trading Group. Rogozinski’s lawsuit claims that by removing him as a WSB moderator, Reddit transgressed its own rules. Reddit asserts that it will directly respond in court to defend the best interests of the communities and moderators on its platform and that the lawsuit is a blatant attempt by Rogozinski to enrich himself. Reddit has rejected Rogozinski’s lawsuit as “completely frivolous” without “any basis in reality.” The social media site asserts that the community moderators banned Rogozinski and removed him as a moderator because he tried to enrich himself. Rogozinski asserts that he is “entwined” with the WallStreetBets brand and that a major production company has purchased the rights to his life story. Rogozinski also accused Reddit’s opposition to his trademark application for the WallStreetBets brand as another violation. In his lawsuit, Rogozinski accuses Reddit of a breach of contract, claiming that by removing him as a WSB moderator, the social media site went against its own rules. During the GameStop short squeeze, retail traders joined forces to purchase shares of the reeling video game retailer, driving up the stock price. The GameStop short squeeze and a congressional hearing into the role of social media in market manipulation, among other recent controversies, brought the subreddit to the attention of the country. Rogozinski started the subreddit in 2012 as a forum for stock market discussion and wagering. The lawsuit is the most recent chapter in the WSB subreddit’s saga, which gained much attention during the meme stock retail trading craze of 2019–2021. A GameStop store (AP Photo/John Minchillo, File)
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |