WallStreetBets' founder is suing Reddit over ousting him from the meme-stock forum, reportedly saying he wants $1 million after the 'nightmare' ban

• Jaime Rogozinski, the founder of Reddit's WallStreetBets forum, is suing the social media platform.
• He wants $1 million in damages, per Reuters, after being banned as moderator of the birthplace of the meme-stock craze.
• Rogozinski's complaint is a "completely frivolous lawsuit with no basis in reality", Reddit said.

The founder of WallStreetBets is suing Reddit for ousting him as moderator of the forum, the birthplace of the meme stock craze.