Rogozinski says he carefully expanded the content moderation team while maintaining the ability to enforce rules. Rogozinski claims he spent years of hard work building the WALLSTREETBETS brand, carefully starting and cultivating the community to ensure the board was in line with Reddit’s policy. In any case, the lawsuit points out that in March 2020 the WBS subreddit exceeded one million subscribers, and later Reddit took away his ability to moderate the forum. Primarily speculators, so much so that they were even able to influence the prices of some stocks, including those of GameStop (GME). In the WBS subreddit, information and investment advice was exchanged. In 2020, Rogozinski was forcibly removed from Reddit, including preventing him from registering the community’s name. The WSB community on Reddit was founded back in 2012, but did not explode until early 2021. Specifically, the complaint states that Reddit removed as a moderator of its own forum Rogozinski, due to an alleged violation of company policy for attempting to monetize a community. Bad crypto news for Reddit: sued by WallStreetBetsĪ few days ago, the founder of the subreddit WallStreetBets (WSB), Jaime Rogozinski, who has also become popular thanks to crypto, sued Reddit. He reportedly purchased an NFT from the famous Bored Ape Yacht Club (BAYC) collection last summer to give to his wife, Serena Williams, reports CryptoPotato. In addition, Alexis Ohanian has also stepped into the world of NFTs ( Non-Fungible Tokens). In 2021, he founded the investment firm Seven Seven Six, which raised $500 million last year to fund startups in the cryptocurrency ecosystem. The former Reddit founder remains very connected to the cryptocurrency ecosystem today, despite the turmoil of the year 2022. And so, in a way, it was hardwired into me at the time and made me, in a way, receptive to the idea of a decentralized currency.” “Any group of people who have in their conscience, or in their collective history, some idea of persecution, especially by a state, makes the idea of a store of value not controlled by a single state very attractive. The 39-year-old entrepreneur became interested early in decentralizing the crypto ecosystem because of his Armenian origins and what his family suffered during the 1915 genocide. “In retrospect, I haven’t invested as much as I should have.” Most notably, Ohanian recently told Forbes: Therefore, the entrepreneur has realized a 500,000% return on this investment. Thus, by owning all of his Ether today, his investment is worth about $81 million at the current Ether price. The Ethereum blockchain, on which the Ether cryptocurrency circulates, was established the following year. In 2014, the American entrepreneur reportedly bought 50,000 Ether at a price of $0.30 for a total of $15,000 during the ICO (Initial Coin Offering ) of this cryptocurrency. The views of the Reddit co-founder on Ether and the crypto world Reddit and the NFT world: the latest news.Bad crypto news for Reddit: sued by WallStreetBets.The views of the Reddit co-founder on Ether and the crypto world.
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