Reddit Lawyers Force Founder to Redact 'WallStreetBets' From Miami Event

Reddit has forced Jaime Rogozinski, the founder of infamous r/WallStreetBets, to strip the WallStreetBets name from an upcoming Miami conference after legal threats citing trademark rights. According to a press release, it's the "first known case of a social media company enforcing trademark control over a user-created community." From the report: After years of litigation, courts ultimately sided with Reddit in a decision now referred to as the "Rogozinski Ruling," a precedent that grants platforms broad authority to assert trademark ownership over user-created communities. That ruling now forms the basis for Reddit's demand that the words "WallStreetBets" be physically removed from the event. "They aren't afraid of the name being used," said Rogozinski. "If they were, they'd have to sue the internet. What they're afraid of is the creator hanging out with his creation. They're afraid of the community's independence. And they're afraid it's evolved into something bigger than a subreddit." The irony is difficult to ignore. The original subreddit counts around three million subscribers, while conservative estimates place more than seven million WallStreetBets participants spread across other platforms. For a movement that built its reputation confronting corporate overreach, Reddit's decision to extend its authority beyond the confines of its web-based platform, reaching into real-world gatherings to police culture it did not create, risks stirring a hornet's nest with a long memory and a track record of collective action. The event formerly known as WallStreetBets Live, will proceed as scheduled on January 28-30 in Miami. In compliance with Reddit's demands, all references to the name will be physically redacted on-site. "Reddit's lawyers did one thing right," Rogozinski continued. "They proved exactly why we need a decentralized future. This event has become a live case study in what's broken about modern social media. Platforms can deplatform creators, and now, with courts backing them, they can appropriate what users build."

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