![]() The question on everyone’s mind now is “who owns WallStreetBets?” The answer will have to play out before the Trademark Trial and Appeal Board. Thanks to the quick movie deal and sustained media coverage of the event, it appears as if there’s plenty more cash to milk from this situation. The astronomical increase in GameStop share value turned normal people into millionaires overnight. Applications were also filed by Next Computer Inc and Pilling Intellectual Property, LLC once the community gained international fame. Additionally, Rogozinski and Reddit aren’t the only ones trying to get a piece of a WallStreetBets trademark. What we do see in the opposition filing, though, is that legal maneuvering picked back up when the community name went viral. The opposition was filed back in August 2020, though, again long before the group made headlines. This explains why the social media network has filed a Trademark Opposition against Rogozinski. Of course, the community itself exists on Reddit’s platform. Rogozinski is the original founder of the WallStreetBets community. Back in March 2020 – long before the GameStop fiasco occurred – Jaime Rogozinski sought to trademark the name. Reddit’s filing for the trademark, however, isn’t the first time someone has sought ownership of WallStreetBets. The story of WallStreetBets captivated the world, and there are already some movie deals in place. Trademark Dispute Over Reddit’s WallStreetBets Details of the trademark filings are available online. If they secure the trademark for the name, they can profit from it for years to come. filed three separate trademark registrations for the name “WallStreetBets.” Each of these were for service marks to be used for entertainment services, telecommunication services, and social networking. The price has since plummeted back down to earth, but this doesn’t mean value is gone for everyone. ![]() ![]() This led to over 177 million shares being traded for three consecutive days, and it drove a 52-week low of $2.57 per share to over $480 per share. When Reddit members of the WallStreetBets community took notice of GameStop stock, so did the rest of the world. Reddit Files WallStreetBets Trademark Application It appears Reddit is also trying to cash in, though, by filing for a WallStreetBets trademark. Hedge funds lost billions of dollars while some retail investors cashed in. Members of the group were able to drive up GameStop shares to historic levels. The stock market and hedge funds recently had a rough week thanks to the WallStreetBets Reddit community. ![]()
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