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‘Coup Attempt’ of Reddit’s Wallstreetbets Forum Is Averted – PCMag

Allegedly, the oldest moderators on r/wallstreetbets were seeking to cash in on a movie deal about the meme stock craze by removing newer mods. Late on Thursday,…

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(Credit: Reddit)
Reddit has intervened to stop a “hostile takeover” of r/wallstreetbets from a group of moderators who were allegedly trying to cash in on a movie deal. 
Behind the scenes, a power struggle for control of r/wallstreebets erupted on Wednesday when the oldest moderators of the forum booted over a dozen newer mods from their duties. The banned moderators then accused the old guard of selling out, and conspiring to secure a lucrative movie deal about r/wallstreebet’s role in the meme…

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