Founder of WallStreetBets (WSB) Jaime Rogozinski filed a lawsuit against Reddit last week, claiming the platform wrongfully removed him as a moderator in 2020 and infringed on his right to trademark the community’s name. Founded in 2012, WSB fostered a reputation on Reddit as the go-to place for people to witness bold stock trades. Community members shared images of significant trading losses and gains with a mutually stoic sense of pride. Financial literacy wasn’t at the forefront of WSB’s day-to-day content, but rather a “YOLO” or “you only live once” mentality to trading stocks. The subreddit ballooned in ... (full story)