WallStreetBets Trademark Fight Erupts Into Lawsuit Against Reddit
A Reddit community that gained widespread notoriety during the memestock craze of 2021 is at the center of a long-running trademark fight and a new lawsuit over the rights to the term WallStreetBets. Jamie Rogozinski on Wednesday sued Reddit, claiming the social platform is infringing on his trademark, violating his right of publicity and breaking […]
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Entertainment “Memestocks” Will Be Tested in 2022
A weird thing happened to AMC Entertainment in January. The movie theater giant was reeling from the pandemic, facing a potential bankruptcy, and its stock was trading at $2 per share. And then it became a meme. Online traders gathering on platforms like Reddit and TikTok embraced the company’s stock and propelled its share price […]
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Reddit Lays Groundwork for Public Offering With Confidential SEC Filing
Reddit has submitted a confidential registration statement with the SEC as the company prepares for a public offering in the new year. The company has not yet determined how many shares or the price offer for its common stock, according to an announcement released Wednesday evening by Reddit. Co-founded by Alexis Ohanian and currently led […]
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Reddit to Raise Up to $700M at $10B-Plus Valuation
Social news aggregation and discussion website Reddit said Thursday that it plans to raise “up to $700 million in Series F funding, led by Fidelity Management and Research Company LLC and including other existing investors, at a post-money valuation” of more than $10 billion. As it said at the time of its previous funding round, […]
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Reddit Co-Founder Alexis Ohanian Signs With UTA
Alexis Ohanian, the co-founder of Reddit and founder of the venture capital firm Seven Seven Six, has signed with UTA for representation in all areas, the agency said on Thursday. UTA will bolster Ohanian’s representation across speaking engagements, books, podcasts, television, film and brand partnerships, among other mediums. “I look forward to working with UTA […]
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