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Reddit beats lawsuit by WallStreetBets founder (www.reuters.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[–] Buffalox@lemmy.world 9 points 1 year ago* (last edited 1 year ago) (1 children)

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.

[–] db2@lemmy.one 5 points 1 year ago

That's it it's dismissed with prejudice.