What we’re reading (2/15)
“WallStreetBets Founder Sues Reddit” (Wall Street Journal). “Jaime Rogozinski, creator of the community that sent untold numbers of individual investors piling into meme stocks two years ago, filed a lawsuit against Reddit. Mr. Rogozinski is accusing the social-media platform of breaching contract by ousting him from his role as a WallStreetBets moderator in 2020 and infringing on his right to trademark the WallStreetBets brand, among other complaints.”
“NFT Intellectual Property Risks Get Real In MetaBirkins Case” (Dealbreaker). “While the damages amount may seem modest, the impact of this case promises to resound loudly going forward. We have already crept into 2023, and we already have two big-time trademark jury verdicts out of the SDNY to ruminate on.”
“A Big Breakup at the Federal Trade Commission” (DealBook). “In a blunt breakup letter published on Tuesday in The Wall Street Journal, Commissioner Christine Wilson, a Republican antitrust lawyer appointed by former President Donald Trump in 2018, announced that she would ‘soon resign’ so as not to legitimize ‘lawlessness’ under Khan. She signed off with sharp words: ‘Consider this my noisy exit.’”
“This February, Americans Could Spend As Much As $2.3 Million On Eggs alone” (Insider). “Grocery prices for main household staples have increased at an alarming rate, but the pricing of eggs has skyrocketed. And the rising price of eggs at Walmart, Costco, Aldi, and other stores in the US is putting a large dent in household budgets.”
“Doctors Are Disappearing From Emergency Rooms As Hospitals Look To Cut Costs” (KHN). “This staffing strategy has permeated hospitals, and particularly emergency rooms, that seek to reduce their top expense: physician labor. While diagnosing and treating patients was once their domain, doctors are increasingly being replaced by nurse practitioners and physician assistants, collectively known as ‘midlevel practitioners,’ who can perform many of the same duties and generate much of the same revenue for less than half of the pay.”
