Nick Offerman and Seth Rogan star in Dumb Money.
‘Dumb money” is what hedge fund managers call ordinary people investing in the stock market, as in “the smart money is on…” Dumb Money is highly entertaining movie based on a real thing, when those little guys turned the tables on the big investors and kept a little company called GameStop afloat – which burned some hedge fund guys who had “shorted” the stock, essentially betting it would fail.
You probably heard this story, since it was all over the news because it was so crazy, about stock in GameStop, the mall stores that sell video games, suddenly becoming hot and soaring high, to the moon, even.
Wealthy hedge fund managers calling individual “retail” investors the “dumb money” is mean but it is also kind of true. Due to their vast resources, hedge fund mangers have an enormous advantage over any small investors,...
‘Dumb money” is what hedge fund managers call ordinary people investing in the stock market, as in “the smart money is on…” Dumb Money is highly entertaining movie based on a real thing, when those little guys turned the tables on the big investors and kept a little company called GameStop afloat – which burned some hedge fund guys who had “shorted” the stock, essentially betting it would fail.
You probably heard this story, since it was all over the news because it was so crazy, about stock in GameStop, the mall stores that sell video games, suddenly becoming hot and soaring high, to the moon, even.
Wealthy hedge fund managers calling individual “retail” investors the “dumb money” is mean but it is also kind of true. Due to their vast resources, hedge fund mangers have an enormous advantage over any small investors,...
- 9/22/2023
- by Cate Marquis
- WeAreMovieGeeks.com
What happens when a group of small-time investors take on a privileged clique of Wall Street billionaires? Absolute chaos. The new movie Dumb Money, which hits theaters on Sept. 15, is a fictionalized take on the infamous GameStop saga, when the beleaguered video game chain became a meme stock thanks to a Reddit user known as RoaringKitty (played by Paul Dano).
‘Dumb Money’ is a fictionalized take on the GameStop saga
In early 2021, RoaringKitty – real name, Keith Gill – and his online compatriots banded together to execute a short squeeze of GameStop stock. The move sent share prices skyrocketing and ended up costing the hedge fund owners who’d bet on GameStop’s failure a ton of money. It also made the little guys rich (at least on paper).
The wild trading was possible in part due to Robinhood, a retail investing platform that many investors were using to buy and sell stock.
‘Dumb Money’ is a fictionalized take on the GameStop saga
In early 2021, RoaringKitty – real name, Keith Gill – and his online compatriots banded together to execute a short squeeze of GameStop stock. The move sent share prices skyrocketing and ended up costing the hedge fund owners who’d bet on GameStop’s failure a ton of money. It also made the little guys rich (at least on paper).
The wild trading was possible in part due to Robinhood, a retail investing platform that many investors were using to buy and sell stock.
- 9/16/2023
- by Megan Elliott
- Showbiz Cheat Sheet
Exclusive: Rushi Kota (Never Have I Ever) has signed on for a role in Sony and Black Bear’s GameStop film Dumb Money, from director Craig Gillespie. He joins an ensemble that already includes Paul Dano, Seth Rogen, Sebastian Stan, Pete Davidson, Shailene Woodley, Anthony Ramos, Vincent D’Onofrio, Dane DeHaan, America Ferrera and Myha’la Herrold.
The dramedy based on Ben Mezrich’s book The Antisocial Network tells the story of fortunes made and lost overnight in the David vs. Goliath GameStop short squeeze of January 2021, when a loosely affiliated group of amateur investors and internet denizens took down one of the biggest hedge funds on Wall Street, thereby threatening to upend the establishment.
While unconfirmed, we hear that Kota will play Baiju Bhatt, one of the co-CEOs of the stock trading and investing app Robinhood. Almost always overshadowed by CEO and co-founder Vlad Tenev (Stan), Bhatt doesn’t always...
The dramedy based on Ben Mezrich’s book The Antisocial Network tells the story of fortunes made and lost overnight in the David vs. Goliath GameStop short squeeze of January 2021, when a loosely affiliated group of amateur investors and internet denizens took down one of the biggest hedge funds on Wall Street, thereby threatening to upend the establishment.
While unconfirmed, we hear that Kota will play Baiju Bhatt, one of the co-CEOs of the stock trading and investing app Robinhood. Almost always overshadowed by CEO and co-founder Vlad Tenev (Stan), Bhatt doesn’t always...
- 10/24/2022
- by Matt Grobar
- Deadline Film + TV
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