The biographical comedy-drama Dumb Money, which will be set during the GameStop short squeeze events from January 2021, is scheduled to be released this Fall. The unexpected turn of events made major news and was quickly adapted into Ben Mezrich’s nonfiction book The Antisocial Network in 2021 and the Netflix documentary Eat the Rich: The GameStop Saga in 2022.
Since Mezrich also penned The Accidental Billionaires, which Aaron Sorkin’s The Social Network was based on, he is no stranger to having his books turned into movies. Dumb Money will undoubtedly add to the increasing body of movies about outrageous financial successes and daring business ventures.
As early as February 2021, just after the GameStop incidents, when MGM Studios first acquired the rights to Mezrich’s book while it was still being written, the movie was in development. As screenwriters, Rebecca Angelo and Lauren Schuker Blum joined the project in May 2021, just before Mezrich’s book was published in September of that same year.
By April 2022, the movie had Craig Gillespie (Cruella) on board as the director. At that point, Black Bear Pictures took over as the main production business after MGM withdrew.
Fortunately, you won’t need to pay close attention to the stock markets because the guide below will tell you everything we currently know about dumb money.
Dumb Money Release Date
On September 22, 2023, Dumb Money will be shown in theaters all across North America thanks to Sony Pictures. The action sequel Expend4bles from Lionsgate and Ethan Coen’s Drive-Away Dolls from Focus Features will be up against the movie in this comparison. The movie’s initial release date was set for October 20, 2023.
Following the conclusion of the movie’s theatrical and PVOD windows, it will be accessible to stream on Netflix thanks to an agreement that Sony Pictures and the streaming service made back in April 2021.
Is Dumb Money’s Trailer Available?
On June 22, 2023, Sony Pictures published the red-band trailer for Dumb Money. The trailer depicts Keith Gill’s transformation from a YouTuber to a cyber-Robin Hood as the managers of hedge funds attempt to bring Keith to justice.
What Does “Dumb Money” is About?
Dumb Money, which is based on Ben Mezrich’s book The Antisocial Network, will center on the ludicrous chain of events in January 2021 that led to a dramatic increase in the stock price of the video game retailer GameStop.
A stunning effect on Wall Street would result from this stock short squeeze, and hedge firms like Melvin Capital and individual short sellers would suffer significant losses of over $6 billion. The GameStop incidents produced an underdog narrative for regular people and internet users to take control of the stock market in an era where cryptocurrencies and independent stock managing have gained popularity.
Their success was achieved at the expense of successful, well-established hedge funds and regular Wall Street sellers. The strange circumstance received a lot of media coverage on social media and in the press, but for the majority of people who aren’t investors, the economic intricacy was obscured by the glamorized perspective of meme culture.
In a nutshell, GameStop is an example of a recent phenomenon in finance known as “meme stocks,” which are shares of companies or corporations that become well-known due to online social activity. Such online activity takes place on websites like Facebook, Twitter, and Reddit, which are home to communities that can affect the value of these companies.
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A Reddit forum on the subreddit WallStreetBets was first created for jokes and amusing communication between novice investors, just as it would happen for GameStop. However, the group would ultimately decide to concentrate on GameStop stock and try to start a short squeeze. The financial markets then went into a frenzy as a result of the economic instability that followed.
The financial event that serves as the basis for Dumb Money’s story hints that it will have a similar tone to other business-savvy and economy-focused movies like The Big Short or The Social Network, the book’s fittingly parody title. With the diverse cast of people and key figures that were involved with and impacted by the Gamestop project, several viewpoints will be examined.
Dumb Money’s Cast
Due to the collective star power and well-known actors that have joined the group, they have garnered a lot of attention over the past year.
The initial actors announced for the film were Paul Dano (The Batman), Seth Rogen (Pineapple Express), Sebastian Stan (Fresh), and Pete Davidson (The King of Staten Island). Dano will portray YouTuber Keith Gill, Rogen will portray Gabe Plotkin, the CEO of a hedge fund, Stan will portray Vlad Tenev, the CEO of Robinhood, and Davidson will portray Keith’s brother Kevin.
Next to join the cast were Dane DeHaan (Chronicle), Anthony Ramos (In the Heights), Vincent D’Onofrio (Daredevil), and Shailene Woodley (Divergent). Next on the cast list were Myha’la Herrold (Industry), America Ferrera (Superstore), Rushi Kota (Never Have I Ever), Nick Offerman (Parks and Recreation), and Talia Ryder (Do Revenge).
Woodley will portray Keith’s wife Caroline, Ramos will play GameStop employee Marcus, D’Onofrio will play Steve Cohen, the CEO of the hedge fund, DeHaan will play Marcus’ manager, Ferrera will play Jennifer Campbell, a Gill fan, and Offerman will play Kenneth C. Griffin, the hedge fund manager. Two young investors named Harmony and Riri will be portrayed by Ryder and Herrold.
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