A U.S. judge on Tuesday dismissed a lawsuit in which the founder of WallStreetBets, which helped ignite investors' fascination with "meme" stocks, accused Reddit of wrongly banning him from moderating the community and usurping his trademark rights.

A U.S. judge on Tuesday dismissed a lawsuit in which the founder of WallStreetBets, which helped ignite investors’ fascination with “meme” stocks, accused Reddit of wrongly banning him from moderating the community and usurping his trademark rights.

  • Buffalox@lemmy.worldEnglish
    101·
    1 year ago

    Yes it does, when the court dismisses a case, it’s equivalent to the case failing in that court. Reddit won by default.

    It’s actually the clearest victory you can get, as the court deems there are absolutely no grounds for the case against reddit.