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Fortune
Fortune
Chris Morris

WallStreetBets creator sues reddit and says he unfairly forced out: 'I felt this was personal, and I felt betrayed'

Reddit WallStreetBets
(Credit: Jordan Vonderhaar/Bloomberg via Getty Images)

The founder of Reddit’s WallStreetBets subreddit is suing the social media company for breach of contract and trademark infringement, saying he was forced out of his moderator role in 2000.

Jaime Rogozinski, in the suit, filed in the U.S. District Court for the Northern District of California, alleges he was forced out after he wrote a book titled WallStreetBets: How Boomers Made the World's Biggest Casino for Millennials, and attempted to trademark WallStreetBets. At the time, the community had 1 million subscribers. Today, it has just under 14 million.

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