![]() The cast for the film has attracted lots of attention over the past year due to the collective star power and well-known actors that have jumped on board. Several perspectives will be explored with the eclectic ensemble of characters and main players who were involved and affected by the Gamestop venture. The financial event that forms the foundational narrative for Dumb Money suggests that the story will share a similar tone as other business-savvy and economy-centric films like The Big Short or The Social Network, the aptly parodied title that Mezrich's book takes after. From there, the economic chaos cascaded, sending the stock markets into a frenzy. However, the members would eventually agree to direct their attention to the GameStop stock and attempt to trigger a short squeeze. As it would happen for GameStop, a Reddit community on the subreddit WallStreetBets was initially set up for jokes and lighthearted correspondence between amateur investors. Such online activity happens through platforms including Reddit, Twitter, and Facebook that host communities that can help influence the prices of these stocks. In a nutshell, GameStop represented a recent financial phenomenon called "meme stocks" which are company shares or stocks that gain popularity through online social activity. ![]() The bizarre situation gained a lot of attention on social media and the news but to most common folk who aren't investors, the economic complexity was overshadowed by the superficial lens of meme culture. Their success came at the entertaining expense of wealthy and established hedge funds and typical Wall Street sellers losing out. In an age where cryptocurrency and independent stock managing has become prominent, the GameStop events created an underdog story for everyday people and internet users to take control of the stock market. This short squeeze of stocks would lead to a shocking impact on Wall Street and major losses of almost $6 billion for hedge funds like Melvin Capital and individual short sellers. As a stock tip becomes a movement, everyone gets rich – until the billionaires fight back, and both sides find their worlds turned upside down.īased on the book The Antisocial Network by Ben Mezrich, Dumb Money will revolve around the absurd series of events of January 2021 that saw the sudden rise of price in stocks for the video game retailer GameStop. When his social posts start blowing up, so does his life and the lives of everyone following him. In the middle of everything is regular guy Keith Gill (Paul Dano), who starts it all by sinking his life savings into the stock and posting about it. ![]() Goliath tale, based on the insane true story of everyday people who flipped the script on Wall Street and got rich by turning GameStop (yes, the mall videogame store) into the world’s hottest company. The official plot synopsis for Dumb Money from Sony Pictures reads:ĭumb Money is the ultimate David vs. ![]()
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