by GameStop hollywood moment it will finally arrive this October. Sony announced that its dramatization of the video game retailer’s meme stock explosion will hit theaters in October, starring Paul Dano, Seth Rogen, Pete Davidson and more. Is called dumb money. I hope it’s up to par.
It is adapted from the book by author Ben Mezrich. The Antisocial Networkdetailing how commission-free trading platform Robinhood paved the way for the gamification of day trading and ultimately a GameStop stock bubble meme which entertained Reddit and shrinking hedge funds by the billions. Nick Offerman (The last of us), Vincent D’Onofrio (Reckless) and Shailene Woodley (Divergent) are also on the cast list, while Craig Gillespie (Lars and the royal girl, cruella) is conducting.
Mezrich sold the rights to his book before it was even written, and dumb money follows previous Hollywood adaptations of his work, most notably tear down the house which became twenty-oneand The Accidental Billionaireswhich became The social network. Those two movies are of dramatically different quality, and who knows what bucket dumb money will fall in maybe be the big gamble for Reddit, or maybe it will be more like HBO’s forced too big to fail.
there have been a lot of documentaries already about the GameStop frenzy, and while some have offered intriguing and intimate windows into the lives of everyday people who receive huge windfalls thanks to the meme-stock lottery, many have also oversold David and Goliath narrative around Redditors immersed in 4chan-speak fleecing the suits in financial world in an attempt to democratize the stock market.
It was certainly an accurate representation of much of the rhetoric being thrown around at the time, but in hindsight, it’s clear that many large institutional investors also kissed in the meme stock bonanza. That being said, there is no shortage of shitty moments peppered throughout the entire saga. Even now, GameStop’s biggest supertonkers are still in agony of some wild conspiracy theories.
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