Dumb Money is an entertaining look at how a group of everyday people filled the finances on Wall Street using GameStop.
You might like to watch the Netflix documentary titled ‘Eat the Rich: The GameStop Saga’ before you watch this film. Shorting stock is a bit hard to understand.
GameStop is a video game store that was considered to be undervalued. When some savvy YouTube finance influencers started watching it, they recommended buying the stock.
The transactions were promoted by two Reddit finance groups. You’ll need to get familiar with the lingo to understand their messages.
We follow Keith Gill (Paul Dano) as he shares his financial success online with his community. A regular family guy who streams from his basement while babysitting their newborn.
It’s a rather unorthodox way of sharing stock tips and this eventually catches up with him. When the billionaires start losing money, they look for ways to sue them.
Dumb Money is based on a true story and is well worth a watch.
About Dumb Money
Synopsis: Based on the Ben Mezrich book, ‘The Antisocial Network’, tells the story of fortunes made and lost overnight in the David-vs.-Goliath short squeeze that may have changed Wall Street forever.
Director: Craig Gillespie
Starring: Paul Dano, Seth Rogen, Sebastian Stan, Pete Davidson, Shailene Woodley, Dane DeHaan, Vincent D’Onofrio, Anthony Ramos, America Ferrera, Myha’la Herrold, Nick Offerman and Talia Ryder.
Australian release date 26 October 2023.