Founder of WallStreetBets, Which Ignited Meme Stock Frenzy, Is Suing Reddit

The founder of online community WallStreetBets is suing Reddit, the social media platform from which it inspired the meme stock frenzy of 2021. 

Jaime Rogozinski, who created the popular Reddit forum where retail investors congregated to discuss their next stock targets, has filed a lawsuit against the company, The Wall Street Journal reported late Wednesday.