District Court, Northern District of California, No. The case is Rogozinski v Reddit Inc, U.S. When they found out about the short sellers intentions, Redditors. Prominent meme stocks have included AMC Entertainment Holdings, GameStop, Koss and the now-bankrupt Bed Bath & Beyond. Nachfolgend finden Sie eine Liste der 10 meistdiskutierten US-Aktien im WallStreetBets-Forum auf Reddit whrend der letzten 24 Stunden gem den Daten von Quiver Quantitative. Unfortunately for them, day traders on Reddits r/wallstreetbets subreddit had other plans. Their popularity often leads to volatile stock prices that do not reflect companies' fundamentals or financial health. Meme stocks gain popularity through discussions, often among inexperienced investors, in online forums including Twitter. r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It boasts nearly 3 million member, who refer to themselves as. Rogozinski was seeking at least $1 million in damages. As mentioned above, the reddit forum considers itself the 4chan of the stock market world. It has called Rogozinski's lawsuit a "transparent attempt to enrich himself," and said it got involved to prevent consumer confusion, preserve goodwill, and let people in the r/WallStreetBets subreddit decide who should guide it. Rogozinski remains confident and committed to vindicating his rights," his lawyer James Lawrence said in an email. "While we are disappointed with today's ruling, Mr. She also dismissed Rogozinski's state law claims related to his ouster, saying either that they were preempted by a federal law that provides "broad immunity" to websites publishing mainly outside content, or that he lacked standing to sue.Ĭhesney said Rogozinski can try to amend his complaint. A primary source of information regarding these stocks is from the social media platform Reddit, specifically from a subreddit known as WallStreetBets (WSB). District Judge Maxine Chesney in San Francisco rejected Rogozinski's claim that he owns the WallStreetBets trademark because the market associated it with him and he made the brand famous. Rogozinski had applied to trademark "WallStreetBets" in March 2020, when the community reached 1 million subscribers. Jaime Rogozinski, who founded WallStreetBets in 2012, said Reddit ousted him in April 2020 as a pretext to keep him from controlling a "a famous brand that helped Reddit rise to a $10 billion valuation" by late 2021. judge on Tuesday dismissed a lawsuit in which the founder of WallStreetBets, which helped ignite investors' fascination with "meme" stocks, accused Reddit of wrongly banning him from moderating the community and usurping his trademark rights.
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