First Trailer for the Movie Featuring The GameStop Stock Fiasco has Arrived.
Trailer for one of many movies about the GameStop short squeeze in 2021. This was when a group of hedge funds lost out on their foolproof plan to shorten their stocks, resulting in billions to the banks.
For men with posters of Leonardo Dicaprio from The Wolf Of Wall Street on their ceilings, this is huge news. These events may have escaped your notice. It felt like this twisty-turny tale grew out of control, and the United States government finally stepped in to help explain how it could have happened.
Capitalism is the quick answer. The long answer is that several hedge funds boasted online that they could short GameStop stocks because their value was declining due to the pandemic’s impact on brick-and-mortar businesses. WallStreetBets was a subreddit that does exactly what it says on its tin and purchased as much GameStop stock as possible. The stock’s value soared, igniting the intentions of hedge funds and forcing them to spend millions or even billions to purchase their stocks back to avoid bankruptcy.
Titled GameStop – Rise to the Players. I’ll let this trailer speak for itself:
WallStreetBets’ effect on the stock market is hampered because it is illegal for anyone to make such bets. Wall Street is not the only one who can do this. “American workers know for years that Wall Street is broken – they’ve been paying it,” stated Ohio Senator Sherrod Brown at the time. The Securities and Exchange Commission also pledged to “protect retail investors when facts demonstrate abusive and manipulative trading activity that’s prohibited by the federal Securities laws” and to “protect investors and identify and pursue possible wrongdoing.”
GameStop – Rise to the Players will be released in theatres on January 28th. Netflix is also developing a film adaptation of these events, starring Noah Centineo. Written by Mark Boal and based on Ben Mezrich’s book proposal, The Antisocial Network, the adaptation will be available from Metro-Goldwyn-Mayer.